IPANEWS

More than 4 million unemployed in Turkey 

More than one million people have joined the ranks of the unemployed in Turkey during the past year, with the total number of unemployed topping four million, according to the latest figures released by the country’s statistical authority.

According to the data released by the Turkish Statistical Institute (TUIK), the number of unemployed Turks increased by 1.021 million over 12 months to 4.157 million in May 2019.

The number of employed people in Turkey decreased by 869 thousand to 28.269 million with the employment rate.

Turkey’s unemployment rate saw a 3.1 percentage point increase and reached 12.8 percent in May 2019. In the same period, non-agricultural unemployment rate topped 15 percent, an increase of 3.4 percentage points.

Compared to May 2018, both the youth unemployment rate and the rate for persons between the ages of 15 and 64 increased in May.

TUIK stated that the rate of unemployment for those between the ages of 15 and 24 reached 23.3 percent with a 5.5 percentage point increase while for those between 15 and 64 years, it rose 3.2 percentage points to 13.1 percent.

In the same period, the number employed in agriculture decreased by 307,000 and there was a decline of 562,000 non-agricultural workers.

The labor force, however, increased by 152,000 to 32.426 million in the year from May 2018 to May 2019.

Agriculture employed 18.3 percent of the workforce, industry 19.6 percent, the construction sector 5.5 percent and there were 56.6 percent employed in the service industry.

When the numbers are compared with the same month of the preceding year, people employed in the agriculture sector decreased by 0.5 points, in construction it decreased 1.7 points, in industry sector the figure increased by 0.1 points, and there was a 2-point increase in the service industry, TUIK said.

TUIK data states that one in three people in Turkey works without any social security relating to their main job. The rate of unregistered employment has reached 34.4 percent in May, an increase of 0.7 points compared to the same period of 2018.

The same rate in the non-agricultural sector was 22.8 percent with a 0.4 point increase in the same period.

It is predicted by a number of economists that Turkey’s economy, which tipped into recession late last year, will shrink further in 2019 and bring prolonged high unemployment that could dampen the country’s productivity.

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