12.Apr .2021 23:00

Unemployment Rate in Turkey 0.7% Up in Feb 2021

Unemployment Rate in Turkey 0.7% Up in Feb 2021
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The number of unemployed persons in Turkey aged 15 years old and over increased by 250 000 to 4 236 000 persons in February 2021 compared to the previous month. The unemployment rate occurred at 13.4% with a 0.7 percentage point increase.

The number of employed persons decreased by 22 000 to 27 477 000 persons in the period of February 2021 compared to the previous month. The employment rate occurred as 43.4% with a 0.1 percentage point decrease, reads the recent data of TurkStat. 

The number of persons in the labor force realized 31 712 000 persons with 226 000 persons increase in February 2021 compared to the previous month. The labor force participation rate was 50.1% with a 0.3 percentage point increase.
 
The youth unemployment rate in the 15-24 age group was 26.9% with a 0.4 percentage point increase compared to the previous month and the employment rate was 28.1% with a 0.3% point decrease. The labor force participation rate in this age group realized as 38.5% with 0.1 percentage points decrease compared to the previous month.
 
In February 2021, the number of agricultural employment decreased by 52 000 persons, industry decreased by 166 000 persons while construction increased by 37 000 persons, and services increased by 157 000 persons. According to the distribution of employment by sector: 17.4% was employed in agriculture, 20.8% was employed in industry, 6.0% was employed in construction and 55.8% was employed in services.
 
In February 2021, the rate of a composite measure of labor underutilization consisting of time-related underemployment, potential labor force, and unemployment was 28.3% with a 1.2 percentage point decrease compared to the previous month. While the combined rate of time-related underemployment and unemployment realized as 19.8%, the combined rate of unemployment and potential labor force realized as 22.5%.
 
The non-seasonally adjusted unemployment rate realized as 14.1% with a 0.6 percentage point increase compared to the same month of the previous year. The number of unemployed persons increased by 206 000 to 4 445 000 persons compared to the same month of the previous year.
 
Non-seasonally adjusted employment rate realized as 42.9% with 0.7 percentage point decrease compared to the same month of the previous year.
 
The number of employed persons estimated as 27 150 000 persons with 69 000 person increase compared to the same month of the previous year.
 
The non-seasonally adjusted labor force participation rate was 49.9% with a 0.5 percentage point decrease compared to the same month of the previous year. The number of labor force estimated as 31 595 000 persons with 275 000 persons increase compared to the same month of the previous year.
 
In February 2021, the rate of unregistered employment, which indicates the share of employment who are not affiliated with social security institution in total employment realized as 27.4% with 2.8 percentage point decrease compared to the same month of the previous year. The rate of unregistered employment in the non-agricultural sector realized as 16.7% with 3.6 percentage point decrease compared to the same month of the previous year.