1 million 65 thousand people added to unemployed in one year in Turkey

According to data released by Turkstat, the number of officially unemployed people in Turkey increased by 1 million 65 thousand people in July compared to the same period last year. The total number increased to 4 million 596 thousand
Wednesday, 16 October 2019 12:42

According to the Turkish Statistical Institute (Turkstat), the unemployment rate reached 13.9 percent in July while the rate was 13 in June.

The number of unemployed in July, compared to the same period last year, increased by 1 million 65 thousand people, according to the official data.

The rate of youth unemployment (ages between 15 and 24) increased by 7.2 percent to 27.1 percent, while the unemployment rate in the 15-64 age group increased by 3.2 points to 14.2 percent. In the same period, non-agricultural unemployment rate was estimated to be 16.5 percent with a 3.6 percent increase.

The number of employed decreased by 748 thousand people in July 2019 compared to the same period of the previous year and reached 28 million 517 thousand people. The employment rate decreased by 1.8 points to 46.4 percent.

IMF raises growth forecast for Turkey for 2019 from negative 2.5 to 0.2, while the unemployment forecast for 2019 increases from 12.7 percent to 13.8.