Infra-Annual Labor Statistics: Unemployment Total: From 15 to 74 Years for Turkiye
LFUN74TTTRQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,862,489.00
Year-over-Year Change
-22.05%
Date Range
1/1/2006 - 1/1/2025
Summary
This economic indicator tracks the total unemployment rate in Turkiye for individuals aged 15 to 74 years old. It provides timely insights into labor market conditions and is closely monitored by policymakers.
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
The Infra-Annual Labor Statistics: Unemployment Total measure represents the percentage of the labor force in Turkiye that is jobless but actively seeking employment. This is a key metric for understanding the overall health and resilience of the Turkish economy.
Methodology
The data is collected through household surveys conducted by the Turkish Statistical Institute.
Historical Context
Unemployment trends inform policy decisions related to economic stimulus, job training, and social safety net programs.
Key Facts
- Turkiye's unemployment rate was 11.2% as of the latest data.
- Youth unemployment (ages 15-24) is higher at 22.1%.
- The overall labor force participation rate is 53.1%.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total unemployment rate in Turkiye for individuals aged 15 to 74 years old, providing insights into the health of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Unemployment is a key metric for understanding economic conditions and informing policy decisions related to economic stimulus, job training, and social safety net programs.
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: Unemployment trends are closely monitored by policymakers to inform decisions related to economic stimulus, job training, and social safety net programs.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, providing timely insights into labor market conditions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 15 to 74 Years for Turkiye (LFUN74TTTRQ647S), retrieved from FRED.