Turkey’s unemployment rate climbs to 11.5% in March

The number of unemployed in Turkey rose by 0.4 percentage points to 11.5% in March, the country’s statistics authority said on Tuesday.

The number of unemployed people aged 15 and over rose by 153,000 to nearly 3.9 million in March, compared with the previous month, the Turkish Statistical Institute (TurkStat) said.

A seasonally adjusted measure of labor underutilization rose 0.6 percentage points to 22.7%, the data showed.

The measure of labor underutilization has been on a downward trend for much of last year after peaking at 29.6% in January 2021 under the impact of measures to combat the COVID-19 pandemic.

The revised unemployment rate for February was 11.1%, the statistics institute said.

The unemployment rate was 10.3% for men and 13.9% for women in March, he added.

TurkStat also said the number of employed people was 29.9 million with a decrease of 59,000, and the employment rate was 46.5 percent with a decrease of 0.2 percentage points.

The labor force was over 33.8 million with an increase of 96,000, and the participation rate stood at 52.6% with a gain of 0.1 percentage point.

The youth unemployment rate in the 15-24 age bracket was 21.2 percent with an increase of 0.5 percentage points from the previous month, the data showed.

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