Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Turkiye
LRUN74TTTRA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.78
Year-over-Year Change
7.01%
Date Range
1/1/2006 - 1/1/2024
Summary
The Unemployment Rate Total: From 15 to 74 Years for Turkiye is a key economic indicator that measures the percentage of the labor force aged 15 to 74 who are jobless but actively seeking employment.
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 infra-annual labor statistic provides insight into the health and dynamics of Turkiye's labor market, allowing economists and policymakers to assess the employment situation and implement appropriate economic policies.
Methodology
The data is collected through household surveys conducted by the Turkish Statistical Institute.
Historical Context
The unemployment rate is closely monitored by central banks, governments, and market analysts to gauge the overall strength of the economy.
Key Facts
- Turkiye's unemployment rate was 10.5% in 2022.
- The unemployment rate for the 15-74 age group is a key metric used to assess the health of the labor market.
- Policymakers closely monitor the unemployment rate to inform economic and employment policies.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate Total: From 15 to 74 Years for Turkiye measures the percentage of the labor force aged 15 to 74 who are jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This infra-annual labor statistic provides important insights into the health and dynamics of Turkiye's labor market, allowing economists and policymakers to assess the employment situation and implement appropriate economic policies.
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: The unemployment rate is closely monitored by central banks, governments, and market analysts to gauge the overall strength of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with potential delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Turkiye (LRUN74TTTRA156N), retrieved from FRED.