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Turkey’s unemployment rate down to 11.2%

February 15, 2022
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Turkey's unemployment rate down to 11.2%
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Turkey’s unemployment rate stood at 11.2% in the fourth quarter of 2021, down 0.5 percentage points from the previous quarter, according to official figures released on Tuesday.

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The number of unemployed people aged 15 and over fell to 3.7 million this October-December, the Turkish Statistical Institute (TurkStat) said in a statement.

The employment rate came in at 46.7% or 29.92 million people, up 740,000 persons in the fourth quarter of 2021, compared to the previous quarter.

“The seasonally adjusted labor force participation rate realized as 52.6% with a 0.8 percentage point increase,” TurkStat said.

The youth unemployment rate – age 15-24 – was 21.4%, down 0.8% quarter-on-quarter, and the youth employment rate was 33.7%, up 1 percentage points.

“The weekly average actual working hours of those at work increased by 0.5 hours compared to the previous quarter and became 44.8 hours,” TurkStat said.

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