Turkey’s unemployment rate rises to 11.8% in October

The Turkish Statistical Institute (TÜİK) reported on Monday that the country’s unemployment rate increased by 1.3 percentage points to 11.8% in October 2016 compared to the same period of the previous year. The figures represent an increase of around 500,000 amounting to a total of 3.647 million in total.

Unemployment among youth aged 15-24 increased by 1.9 percentage points to 21.2%.

The figures for women are in both groups higher than for men with a total of 16% (an increase by 2.8 percentage points) and among youth 27.1% (an increase by 4 percentage points).

The rate of unregistered employment – of persons without any social security relating to the main job – increased by 0.3 percentage points to 33.9% in the period of October 2016.

Compared to the eurozone countries, the recent figures put Turkey behind only Greece, Spain and Cyprus.