Covid Pandemic: The unemployment rate in its highest level in Turkey

Jun 12 2021 10:45 AM
Covid Pandemic: The unemployment rate in its highest level in Turkey

Turkey: The data published on Friday by the Turkish Statistical Institute (TurkStat) showed the Turkey unemployment rate reached 13.9 per cent in April, up 0.9 percentage points from the previous month and the number of the unemployed increased to 4.5 million, amid the Covid-19 pandemic. The youngsters being the most affected the unemployment, according to official data. Youth unemployment for people aged between 15 and 24 increased to 25.6 per cent in the same month, one of the highest in European nations.

In an attempt to curb the increase in unemployment, the government has barred companies from laying off workers during the Covid-19 pandemic. But businesses responded by the simple expedient of placing employees on unpaid leave.

The ban itself is due to expire at the end of this month, and economists expect a further rise in unemployment in the months to come.

Turkey's economy has recorded a strong growth of 7 per cent in the first quarter of 2021. However, the nation is still battling double-digit inflation and a weakening currency, which has lost more than half its value since 2018.

Covid Roundup: Russia records over 12,000 new Covid cases

AstraZeneca vaccine: Italy halts the use of AstraZeneca’s vax in those under 60-age

Megha Rajagopalan, journalist wins Pulitzer for exposing China's Muslim detention camps