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IMM: The official unemployment rate in Istanbul is 14.7 percent.

The Istanbul Metropolitan Municipality published a newsletter in March assessing the job market in Istanbul. According to the study, while the official unemployment rate in Istanbul is 14.7 percent, the highest unemployment rate includes young people between the ages of 20 and 24. It was determined that 552 thousand young people between the ages of 15 and 24 were neither studying nor employed.

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Istanbul Statistics Office of the Istanbul Metropolitan Municipality (IMM), where the labor market in Istanbul is assessed Economic Bulletin March 2021published. Consequently, while the official unemployment rate in Istanbul was 14.7, it rose to 30.8 percent for young people between the ages of 20 and 24.

In 2020 in Istanbul, the official unemployment rate of 14.7, 13.2 in Turkey; The broadly defined unemployment rate, 18.2 percent in Istanbul, in Turkey was 23.6. The inactive workforce by TurkStat announced that it started this year stood at 29.1 percent in Turkey. It was determined that 552 thousand young people between 15 and 24 years old neither study nor work in Istanbul. The largest increase in the unemployment rate occurred between the ages of 20-24, at 30.8 percent. Employment fell 30.4 percent in agriculture and 9.1 percent in industry.

The official unemployment rate fell to 14.7 percent

The official unemployment rate fell 0.2 percentage points year-on-year to 14.7 percent. The number of unemployed decreased by 84 thousand compared to the previous year and reached 926 thousand. While the unemployment rate for men increased to 13.7 percent annually, it decreased to 16.8 percent for women. In 2020, the unemployment rate in Turkey stood at 13.2 percent.

Widespread unemployment rises to 18.2 percent

With the inclusion of those who have no hope of finding a job and those who are not looking for work but are ready to work, the broadly defined unemployment rate stood at 18.2 percent. According to the broadly defined unemployment rate, the total number of unemployed in Istanbul was 1 million 195 thousand. 23.6 percent unemployment in Turkey overall, while the idle labor force started posting in Turkstat this year was estimated at 29.1 percent.

552 thousand young people, neither in education nor in employment

The number of young people between 15 and 24 years old who do not receive an education and do not work in any job decreased from 579 thousand in 2019 to 552 thousand in 2020. The official unemployment rate in the age range of 15-24 in people, in Istanbul , 25.6 percent, 25.3 percent in Turkey; The broader definition of unemployment at 30 percent in Istanbul was measured as 39.5 percent in Turkey.

Among young people between the ages of 20 and 24, the overall unemployment rate is 30.8 percent.

In 2020, the highest increase in the unemployment rate compared to the previous year was recorded in the 20-24 age group. While the official unemployment rate was 26.7 percent, the broadly defined unemployment rate was determined as 30.8 percent. The official unemployment rate is 13 percent for college graduates, 17.7 percent for high school graduates; The overall unemployment rate was determined at 15.4 percent for college graduates and 21.5 percent for high school graduates.

The number of people participating in the workforce decreased by 7.4 percent

The number of people participating in the workforce decreased by 7.4 percent to 6.289 thousand people. The labor force participation rate in Istanbul is 33.6 percent for women and 71.9 percent for men; In Turkey, 30.9 percent of women stood at 68.2 percent of men.

415 thousand annual decrease in employment

The number of employed persons decreased by 415 thousand people annually. 68.5% of those employed were men and 31.5% women. The employment rate was 27.9 percent for women and 62 percent for men.

43.5 percent of employees have less than a secondary education.

43.5 percent of the employees were below high school, 21.9 percent were in high school or equivalent, and 33.6 percent were college graduates. Compared to 2019, the number of employed people with a secondary education or less education decreased by 11.5 percent, while employment among those with a higher education level increased by 2.6 percent.

Employment decreased 30.4 percent in agriculture and 9.1 percent in industry.

The number of people employed fell annually by 30.4 percent in agriculture, 9.1 percent in industry and 5.8 percent in the service sector. Service accounted for 67.9 percent of employment, industry for 31.2 percent, and agriculture for 0.9 percent.

The informal worker rate decreased to 18.6 percent

The number of employed persons decreased by 131 thousand for those registered in SGK and by 284 thousand for those who were not registered. 998 thousand of those employed were not registered in the SSI and 4 million 365 thousand were registered in the SSI.

Average daily earnings increased 20.1 percent in the past year

At the end of December 2020, according to SGK records, women’s average daily earnings increased by 20.7 percent and men’s by 19.8 percent. The average daily gain of women was determined in TL 183 and for men in TL 190.

3 or fewer employees work in 64 percent of workplaces

By the end of 2020, the total number of workplaces increased by 3.2 percent annually to 555,000. The proportion of workplaces employing 3 or fewer people was 64 percent, while the rate of workplaces with 9 or fewer people was 86.8 percent. Thousands of jobs and the number of people working in the field, 16 percent to 167 percent annually in Istanbul and throughout Turkey has reached 570 percent to 19 percent.

The number of people placed in jobs through İŞKUR fell by 71.4 percent.

While the number of people placed in jobs through İŞKUR reached 354 thousand in 2019, it decreased by 71.4 percent to 101 thousand in 2020. In the same period, Turkey decreased by 41.7 percent in the overall placement of 869 thousand indie.

Applications for unemployment benefits decreased by 22.7 percent and progressive payments by 47.2 percent.

In 2020, 394,000 people applied for unemployment benefits. Although 152 thousand of the applicants had the right to receive unemployment benefits, both the applications and the number of people who deserved it decreased compared to the previous year.

In preparing the Labor Market Bulletin, data from the Turkish Statistical Institute (TSI), the Social Security Institution (SGK) and the Turkish Business Association (TEO) were used.

Istanbul Statistical Office ‘Economic Bulletin March 2021 ”You can download from the link below

Istanbul Economic Bulletin, Labor Market, March 2021

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