DİSK-Ar Unemployment and Employment Outlook Report (February 2024) was published:
Broad-defined unemployment has skyrocketed: Total 9.7 million!
- Annual increase in broad-defined unemployment 1.5; monthly increase 1 million!
- Pandemic days are back in broad-defined unemployment!
- Broad-defined unemployment rate is 24.7 percent; broad-defined female unemployment rate is 33.2 percent!
TURKSTAT’s December 2023 Household Labor Force Survey (HLFS) results were published on February 12, 2024. The seasonally adjusted narrow-defined unemployment rate was 8.8 percent, while the seasonally adjusted broad-defined unemployment rate (idle labor force) was 24.7 percent. According to TURKSTAT, the number of narrow-defined unemployed people aged 15 and above (seasonally adjusted) in Turkey was 3 million 98 thousand in December 2023.
According to the calculation made by DISK-AR based on TURKSTAT data, the number of seasonally adjusted broad-defined unemployed was 9 million 656 thousand in December 2023. In December 2023, there was an explosion in broad-defined unemployment. Although the number of narrow-defined unemployed decreased both annually and monthly, the number of broad-defined unemployed increased by 1 million people monthly and 1.5 million people annually. The number of broad-defined unemployed, which was 8.1 million in December 2022, was 8.7 million in November 2023 and 9.7 million in December 2023. This increase in the number of broad-defined unemployed is due to time-dependent underemployment and the increase in the number of potential labor force, which includes the hopeless, those who are not looking for work but are ready to work, and those who are looking for work but cannot start working immediately.
Summary findings from the report are as follows:
- Unemployment of young women, the third highest unemployment category, was 22.8 percent.
- About 90 percent of the officially unemployed do not receive unemployment benefits.
- The gap between narrow and broad unemployment is 15.9 percentage points.
To access the research report in PDF format (Turkish): https://wp.me/pbeW9X-2OW