Unemployme­nt stands at 14.7 percent in January

Dünya Executive - - OVERVIEW -

The unemployme­nt rate in Turkey was 14.7 percent in January 2019, the Turkish Statistica­l Institute (TurkStat) announced on April 14. “The unemployme­nt rate occurred as 14.7 percent with 3.9 percentage point increase,” TurkStat said in a statement. The number of jobless - aged 15 and over - in the country reached

4.67 million, up 1.26 million from January

2018. The number of employed persons were 27.16 million people in the month, according to official figures. The number of people employed fell 872,000 on a yearly basis, taking the employment rate to 44.5 percent, a 1.4 percentage point annual decline, TurkStat said. “According to the distributi­on of employment by sector, 17.0 percent was employed in agricultur­e, 19.9 percent was in industry, 5.4 percent was in constructi­on and 57.7 percent was in services,” it said. Climbing 387,000 yearon-year, Turkey’s labor force totaled 31.8 million people as of January, while the labor force participat­ion rate (LFPR) was 52.2 percent.

Some 49.2 percent of the country’s short-term external debt stock was in dollars, followed by 29.8 percent in euros, 15.7 percent in liras, and 5.3 percent in other currencies. “Specifical­ly, in this period, banks’ short-term external debt stock increased by 0.9 percent to $57.4 billion and other sectors’ short-term external debt stock increased by 2.6 percent to $54.9 billion,” it said. From the borrowers’ side, short-term public sector debt - mainly of public banks - reached to $24.7billion, decreasing 9.8 percent since the end of 2018. Short-term private sector foreign debt went down 0.4 percent to $87.6 billion in the same period.

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