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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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April 28 21:00 UTC Released

MXFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 28 21:00 UTC Released

CNFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 30 01:00 UTC 9393m

CNNBS Non-Mfg PMI*

Actual

Forecast

Previous

55.10 %

April 30 01:00 UTC 9393m

CNNBS Manufacturing PMI*

Actual

Forecast

51.6 bln $

Previous

51.8 bln $

April 30 23:30 UTC 14431443m

AUAIG Manufacturing Index

Actual

Forecast

Previous

57.5 %

May 1 00:00 UTC 14731473m

KRExport Growth Prelim*

Actual

Forecast

15.3 %

Previous

13.6 %

May 1 00:00 UTC 14731473m

KRImport Growth Prelim*

Actual

Forecast

21.0 %

Previous

27.7 %

May 1 00:00 UTC 14731473m

KRTrade Balance Prelim*

Actual

Forecast

Previous

6.27 bln $

May 1 00:30 UTC 15031503m

USNikkei Mfg PMI

Actual

Forecast

Previous

52.8 %

May 1 00:30 UTC 15031503m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.8 bln $

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