Unemployment in Turkey Rises to 12.9%

Data showed unemployment in Turkey rose slightly between April and June to 12.9%, compared to 12.8% in the previous month, thanks to a ban on layoffs amid the Corona pandemic.

Employment fell by 2.4 million year-on-year in the same period to 25.9 million, in conjunction with the almost complete halt of corporate activities on the economy. The labor market participation rate fell to 47.6% from 52.9% a year ago.

The unemployment rate was 12.8% in the same period a year ago. The non-agricultural unemployment rate rose to 15.2% from 15% a year ago, according to the Turkish Statistical Institute.