Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Turkiye
LRUN64TTTRQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.28
Year-over-Year Change
-25.48%
Date Range
1/1/2006 - 1/1/2025
Summary
The Unemployment Rate Total: From 15 to 64 Years for Turkiye measures the percentage of the labor force in that age group who are without jobs but actively seeking work. This metric is a key indicator of the overall health and performance of the Turkish economy.
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 tracks the share of the working-age population in Turkiye that is unemployed. It is a widely used gauge of economic activity and labor market conditions that informs policy decisions and economic forecasting.
Methodology
The data is collected through household surveys conducted by the Turkish Statistical Institute.
Historical Context
Policymakers and analysts monitor this unemployment rate to assess the strength of the Turkish economy and inform fiscal and monetary policy.
Key Facts
- The unemployment rate in Turkiye reached a high of 14.7% in 2019.
- The rate declined to 12.1% in 2021 as the economy recovered from the COVID-19 pandemic.
- Youth unemployment remains a persistent challenge, with the 15-24 age group experiencing a rate over 20%.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate Total: From 15 to 64 Years for Turkiye measures the percentage of the labor force in that age group who are without jobs but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the overall health and performance of the Turkish economy, informing policy decisions and economic forecasting.
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 monitor this unemployment rate to assess the strength of the Turkish economy and inform fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Turkiye (LRUN64TTTRQ156S), retrieved from FRED.