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Turkey's unemployment rate hits 7-year-high in January

Data released by the Turkish Statistical Institute (TurkStat) on Monday showed that Turkey's unemployment rate was up by 1.9 percentage points year-on-year in January. Turkey's unemployment rate reached 13 percent in January, to hit 7-year-high.

The unemployment rate was the highest seen since February 2010, when it stood at 13.5 percent. Unemployment in the non-agricultural sector hit 15.2 percent, a 2.2-percentage-point rise compared to the same month last year.

January's employment rate was up 0.2 percent from the same period last year, with the country adding 397,000 jobs. The employment rate came in at 44.8 percent with the number of employed persons amounting to 26.7 million. The labor force participation rate also rose by 0.8 percentage points year-on-year, reaching 51.5 percent.

The number of jobless people in the country aged 15 or over rose to nearly 4 million in January this year, an increase of 695,000 from January 2016, according to the statement. The rate also saw a 0.3 percentage point rise from December 2016.

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August 18 14:30 UTC Released

USECRI Weekly Annualized*

Actual

2.5 %

Forecast

Previous

2.7 %

August 18 14:30 UTC Released

USECRI Weekly Index*

Actual

144.5 %

Forecast

Previous

144.3 %

August 20 21:00 UTC 12501250m

KRU Mich Conditions Prelim

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2.8 %

August 20 21:00 UTC 12501250m

KRU Mich Expectations Prelim

Actual

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Previous

-0.4 %

August 20 21:00 UTC 12501250m

CAPPI Growth YY*

Actual

Forecast

Previous

2.8 %

August 20 23:00 UTC 13701370m

TRReuters Tankan DI

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Forecast

Previous

26 Bln TRY

August 20 23:00 UTC 13701370m

JPReuters Tankan DI

Actual

Forecast

Previous

26 %

August 21 08:30 UTC 19401940m

ID7-Day Reverse Repo*

Actual

Forecast

Previous

6.278 %

August 21 08:30 UTC 19401940m

IDDeposit Facility Rate*

Actual

Forecast

Previous

18.283 %

August 21 12:30 UTC 21802180m

IDLending Facility Rate*

Actual

Forecast

Previous

0.9 %

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