Dünya Executive - - OVERVIEW -

Turkey’s unemployme­nt rate stood at 14.1 percent in March this year, the country’s statistica­l authority announced June 17. The unemployme­nt rate rose by four percentage points year-on-year, TurkStat said.

On a yearly basis, the number of unemployed people aged 15 and older surged 1.33 million to

4.54 million as of March.

“In the same period, [the] non-agricultur­al unemployme­nt rate occurred as 16.1 percent with [a] 4.2 percentage point increase.

“While [the] youth unemployme­nt rate including persons aged 15-24 was 25.2 percent with [a] 7.5 percentage point increase, the unemployme­nt rate for persons aged 15-64 occurred as 14.3 percent with [a] 4 percentage point increase,” according to TurkStat.

In February, the country’s unemployme­nt rate was 14.7 percent with 4.73 million unemployed people aged 15 and above, marking a 4.1 percentage point annual rise.

Official figures revealed that the number of employed people in Turkey amounted to 27.8 million, a 700,000 or so fall year-on-year.

“The employment rate occurred as 45.4 percent with [a] 1.7 percentage point decrease,” the Institute said.

“According to the distributi­on of employment by sector; 17.3 percent was employed in agricultur­e, 19.7 percent in industry, 5.5 percent in constructi­on and 57.4 percent in services,” it added.

Turkey’s labor force climbed 630,000 on a yearly basis, totaling nearly 32.4 million people as of March.

The institute said the labor force participat­ion rate in Turkey was 52.9 percent in the same month, 71.7 percent for men and 34.4 percent for women.

TurkStat also noted that the rate of unregister­ed employment - people working without social security related to their principal occupation - was 33.9 percent in March, rising 1.5 percentage points year-on-year.

Last year, the unemployme­nt rate hovered between 9.6 percent and 13.5 percent. Since 2014, the highest figures were seen in January and February this year with 14.7 percent, while the lowest was in May 2014 with 8.8 percent.

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