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Unemployment rate falls to 3.3% in February

Unemployment rate falls to 3.3% in February”

Turkey's unemployment rate rose to 10.8% in January from 10.4% in December, national statistics institute TUIK announced on April 16.

On the labour force participation rate in February 2018, the department said it remained unchanged at 68.2 per cent compared with that of the previous month.

The male unemployment rate was 9.6 percent, down 2.3 percentage points, and the female unemployment rate was 13.4 percent, down 2 percentage points, the TÜİK said.

Among the young populations, from ages 15 to 24, unemployment fell by 4.6 percentage points to 19.9 percent year-on-year.

This indicator grew 0,4 percent in comparison with December 2017, and it is the highest rate of the past 10 months, although the number of unemployed decreased by 576.000 persons compared to January 2017.

Official data also showed that non-agricultural unemployment slipped 2.5 percentage points to 12.7 percent during the same period.

Turkey's employment agency plans to enable 1.25mn people to become employed over the course of 2018, Labour and Social Security Minister Julide Sarieroglu said last month.

Breaking down employment by sector, 17.7 percent of those employed were in agriculture, 19.9 percent in industry, 7.0 percent in construction and 55.4 percent in services.

"On y-o-y comparison, the labour force participation rate in February 2018 increased 0.4 per cent from the same month a year ago", it said.

The number of women participating in the workforce climbed 1.2 percentage points from January 2017 to 33.2 percent in the month.



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