Two people lost their jobs every minute

Dünya Executive - - COMMENTARY -

The unemployme­nt rate is 13 percent and the number of unemployed is 4.2 million according to April data announced by Turkish Statistica­l Institute showing the March-April-May average. The number of unemployed was 3.1 million in April last year. In other words, the number of unemployed people increased by 1.1 million people in a year.

When this number is mentioned for the whole year, it doesn’t seem to mean much. Therefore, let’s try to express the 1.1 million unemployed in

crease in smaller time periods. The number of unemployed persons increased by 93,000 every month from April of last year to April of this year. Let’s decrease the number of unemployed on a daily basis. The number of unemployed increased by 3,103 people every day. Let’s make it a little smaller. If we divide 3,103 by 24, the increase in the number of unemployed every hour was 129 people.

If 129 people were unemployed every hour, that means two people lost their jobs or couldn’t find a job every minute. In other words, the number of unemployed increased by two people every minute. There are some people who still ask if there is an economic crisis. Do you need to look for an economic crisis in a country where two people are unemployed every minute for a year? We are at the heart of that crisis!

One in four unemployed is a bachelor

As of April, 4.2 million people were unemployed. Almost half of the unemployed have primary and secondary education. The number of people in this group is close to 2.1 million. University graduates come second. One million out of 4.2 million unemployed are university graduates.

The unemployme­nt rate for university graduates is 12.8 percent. In other words, 13 out of every 100 university graduates are unemployed. In the last year, 209,000 university graduates were unemployed.

So every day 573 university graduates either lost their jobs or finished school and could not find a job. As a result, 573 people were added every day to unemployed university graduates.

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