Unemployment Single family households 9.6% – Economy News

Unemployment rate rose from 9.6 percent in April, with a single figure for the first time since May 2016 Turkey. Statistics Institute Turkey (TSI), according to data released in April, unemployment decreased by 0.9 percentage points compared to the same period last year. In the mentioned period, the number of unemployed decreased by 201 thousand and recorded 3 million 86 thousand people. Thus, unemployment, which was 9.4% in May 2016 and 10.2% in June 2016, fell to a single figure after 23 months.
The number of employed persons increased by 852,000 people over the same period last year and by 29 million 9,000 people. while the employment rate increased by 0.7 percentage points to 47.9%. While the number of people working in the agricultural sector has decreased by 15,000 during this period. non-farm sectors increased by 868,000. 18.3% of those employed are farmers. 19.5 industry. Construction of 7.4. while 54.8% were in the service sector. Compared to the same period last year, the share of the agricultural sector in employees is 0.6 point. while the share of the construction sector decreased by 0.4 point. the share of the industrial sector is 0.4 points.

YOUTH PARTICIPATION IN EMPLOYMENT
The unemployment rate for young people aged 15 to 24 was estimated at 16.9%, with a decrease of 2.9 percentage points. The youth unemployment rate was also the lowest in 23 months. The youth unemployment rate was 17.4% in May 2016. Compared with the same month last year, the unemployment rate of young women is 24.6% to 22%. from 17.2% to 14.1% among men. Non-youth work and training ratio (formal and informal) in the total youth population was recorded as 21.3 percent during this period.

EUROPEAN BEHIND We broadcast
youth unemployment in Turkey occurred near the euro area average, including France, Italy, Spain, Portugal and Greece, including many European countries left behind. The unemployment rate in Turkey under 25 years determined that 16.9 percent, 15.2 percent on average in the EU report mentioned countries, while in the euro area took place 17.1 level. The United States of America is the country with the highest unemployment rate of 42.3 percent, followed by Spain with 34.2 percent and Italy with 32.8 percent. percent. . while the activity rate went from 52.7% to 55.3%. During this period, a total of 852 thousand people were employed. GCM Forex research specialist Anwar Erkan of Turkey's economy last year grew by 7 percent on an annual basis in the first quarter of this year and noted that rapid and continuous growth. Erkan. that the overall unemployment rate fell to a single figure with seasonal effects. while the seasonally adjusted unemployment rate rose from 9.9% to 10%.

• READY TO PARTICIPATE IN LIFE
Labor force during this period. 651 thousand people grew by 32 million to 95 thousand people compared to the same period last year. while the activity rate increased by 0.3 percentage point to 53%. According to comparisons made for the same period. the participation rate of men in the labor force increased by 0.1 percentage point to 72.4%. and 0.6 percentage point for women. The proportion of employees who were not affiliated with any social security institution in the city decreased by 0.6 percentage point to 33.3% over the same period last year. The proportion of informal workers in the non-farm sector decreased by 0.1 percentage point to 22.4% from the same period last year.