The unemployment Rate in Turkey Stabilized at 12.7% in October

Official data showed that the unemployment rate in Turkey stabilized at 12.7% in October, unchanged from a month ago, while the labour force participation rate fell to 50%.

The unemployment rate was 13.4% a year ago. During 2020, the rate remained low due to the ban on layoffs during the Coronavirus crisis.

In the most recent period from September to November, the participation rate fell from 50.5% a month ago, while the number of workers decreased by 896,000 from a year ago to 27.4 million.