Turkey’s broad unemployment level reached an all-time high of 27% in April, according to official data from the Turkish Statistical Institute (TUIK, or TurkStat).
The composite underutilised labour rate, which includes time-related underemployment, the potential labour force and unemployment, increased by 3.1 pp to the stated 27.2% figure.
TUIK’s narrowly defined unemployment rate for April edged down 0.1 pp to 8.5%.
The number of people aged 15 or over officially classified as unemployed decreased by 18,000 from the previous month to 3,042,000.
Turkish authorities on August 21 “firmly denied rumours on various platforms claiming that Treasury and Finance Minister Mehmet Simsek intended to resign from his post”, pro-government newspaper ... more
Industrial Development Bank of Turkey (TSKB) has obtained a $190mn worth of 367-day ... more