Breaking News: Unemployment Figures Announced!

Breaking News: Unemployment Figures Announced!

According to the latest breaking news, Turkey Statistical Institute (TSI), announced that data for April labor statistics. According to the data, in the 15 and over age group in Turkey in April last year the number of unemployed persons decreased by 573 thousand compared to the same month; It fell to 3 million 971 thousand people. In the period in question, the unemployment rate fell by 0.9 points and became 13.2 percent. Non-agricultural unemployment rate decreased by 1.1 points and was estimated as 15 percent. Unemployment rate decreased by 0.4 points in April compared to the previous month. The youth unemployment rate, which covers the ages 15-24, decreased by 0.6 points in the previous month, and was recorded as 24.6 percent. In the 15-64 age group, the unemployment rate decreased by 0.8 points and was recorded as 13.5 percent. The number of employed persons decreased by 1 million 662 thousand in April compared to the same month of the previous year and became 26 million 133 thousand. Accordingly, the employment rate was recorded as 42 percent with a decrease of 3.4 points. In the said period, 538 thousand of the employed people decreased in the agricultural sector, 248 thousand in the construction sector and 903 thousand people in the service sector; 26 thousand people increased in the industrial sector. 16.4% of the employed people were employed in agriculture, 21.1% in industry, 4.9% in construction and 57.6% in employment. Labor Force Participation Rate is 48.4 percent In April, labor force decreased by 2 million 235 thousand people compared to the same month of the previous year, and recorded as 30 million 104 thousand people. The labor force participation rate decreased by 4.5 points and was 48.4 percent. In April 2020, the proportion of unregistered employees, showing the share of employees, regardless of any social security institution, decreased by 4.8 points compared to last year and became 29.1 percent. The rate of informal workers in the non-agricultural sector decreased by 4.5 points compared to the same period of the previous year and was recorded as 18.6 percent. Employment Based on Seasonality is 13 Percent The unemployment rate calculated based on seasonal effects increased by 0.3 and 13 percent compared to the previous period. Compared to the previous period, the number of unemployed persons decreased by 33 thousand people, recorded as 3 million 972 thousand people. Seasonal non-seasonal employment rate decreased by 1.7 points compared to the previous period and was 42.6 percent. The number of employed people decreased by 1 million 3 thousand people and was estimated as 26 million 512 thousand people. The labor force participation rate, calculated on a seasonal basis, decreased by 1.7 points compared to the previous period and was 49 percent. The number of people participating in the workforce decreased by 1 million 35 thousand people and was calculated as 30 million 484 thousand people.