Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Turkiye
LRUNTTTTTRQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.10
Year-over-Year Change
-25.68%
Date Range
1/1/2006 - 1/1/2025
Summary
The Unemployment Rate Total: 15 Years or over for Turkiye measures the percentage of the total labor force aged 15 and above who are actively seeking employment but unable to find work. This key indicator helps policymakers and economists assess the health of the Turkish labor market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This labor force statistic represents the share of the working-age population in Turkiye that is jobless but actively seeking employment. It is a widely followed metric for evaluating the strength of the country's economy and the effectiveness of employment policies.
Methodology
The data is collected through household surveys conducted by the Turkish Statistical Institute.
Historical Context
Policymakers and analysts use this unemployment rate to inform economic and labor market decisions.
Key Facts
- Turkiye's unemployment rate averaged 10.7% in 2021.
- The rate peaked at 14.8% in 2020 due to the COVID-19 pandemic.
- Unemployment is higher among youth and women in Turkiye.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate Total: 15 Years or over for Turkiye measures the percentage of the working-age population that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a key indicator of the health of the Turkish labor market and economy, helping policymakers and economists assess employment conditions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this unemployment rate to inform economic and labor market decisions in Turkiye.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Turkish Statistical Institute, but there may be occasional delays or revisions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Turkiye (LRUNTTTTTRQ156S), retrieved from FRED.