Turkey’s broad unemployment hits all-time high of 27% in April

By bne IntelliNews June 10, 2024

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.

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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.

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