Posts Tagged Unemployment
Turkish Labor Market: The Lean Times

Turkish Labor Market: The Lean Times

Turkish statistics office released December 2016 jobs report which suggested that the unemployment rate at 12.7% hit a 7-year high as well as a seasonally adjusted figure at 12%. More importantly, the number of unemployed people stood at 3.87 million which was the higher figure ever recorded in that regard.

When the agriculture sector...

August Job Report: Confirming Weakness

August Job Report: Confirming Weakness

The unemployment rate in Turkey rose by 1.2 percentage points y/y to 11.3% while the non-farm unemployment rate climbed to 13.7%. This August job report marked another step in deceleration pace of the economy.

Partly due to the purge following the coup attempt and struggling tourism sector, Turkey lost 614K non-agriculture job...

Turkey: February Job Report

Turkey: February Job Report

Good News or Bad News

Labor market data for February 2016 was released early this week. The unemployment rate was down 20 basis points on monthly basis to 10.9% according to the official figures. The employment rate also saw a pick-up and stood at 45.3% while workforce participation rate was 10 basis points higher...

Q4 2015 GDP: Robust but Vulnerable

Q4 2015 GDP: Robust but Vulnerable

At 4 percent, Turkey GDP’s growth rate remained robust despite a challenging year, primarily driven by strong private and public consumption, and higher gross fixed capital formation in the public sector. In 4Q 2015, the economy expanded by 5.7% y/y comparing favorably with consensus of 5%. That said, adjusted for seasonality and working-day...

Labor Market in Southeastern Turkey

Labor Market in Southeastern Turkey

The link between extremism and unemployment has been a long-standing debate. Some sees the deterioration in the labor markets as one of the major causes behind the spread of terrorism and extremism worldwide, while the opponents argue that the idea of poverty causing terrorism is an utterly unscientific, and people who stubbornly clings...

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