Turkey's unemployment hits 7-year-high at 13 percent

Turkey's unemployment rate increased further in January to the highest level in almost seven years, figures from the Turkish Statistical Institute showed Monday
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Turkey's unemployment rate reached 13 percent in January, up by 1.9 percentage points year-on-year, the Turkish Statistical Institute (TurkStat) announced in a statement on Monday. The rate is the highest seen since February 2010, when unemployment stood at 13.5 percent.

Close to a quarter of Turkey’s youth did not have a job in January, according to data from the Turkish Statistics Institute (TÜİK) that was released on April 17. The number of jobless people in the country aged 15 or over rose to nearly 4 million in January this year, an increase of 695,000 from January 2016, according to the statement. The rate also saw a 0.3 percentage point rise from December 2016. Youth unemployment jumped 5.3 percentage points year on year in January to 24.5 percent overall. 

The non-agricultural unemployment rate hit 15.2 percent, a 2.2-percentage-point rise compared to the same month last year.

The number of persons in the labour force amounted 30 million 658 thousand persons with 1 million 93 thousand persons increase in the period of January 2017 compared with the same period of the previous year.

RATE OF UNREGISTERED EMPLOYMENT 

The ratio of persons working without any social security relating to the main job occurred 32.5 percent with 0.7 percentage point increase in the period of January 2017 compared with the same period of the previous year.