Indicator Showing the Unemployment Rate as a Percentage of the Labor Force in Turkey
Turkey| Date | Value | ||
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| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
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| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The unemployment rate is an indicator that shows the percentage of unemployed individuals in Turkey's labor force, and it is crucial data for evaluating the health of the employment market. Released monthly by the Turkish Statistical Institute (TUIK), it is widely used to assess the economic health and sustainability of growth.
An increase in the unemployment rate suggests potential economic stagnation, indicating that companies are restraining employment. Conversely, a decrease in the unemployment rate signals economic expansion, with companies actively increasing employment. Policy makers use unemployment rate data to adjust monetary policies and labor market policies to stabilize the economy.
For example, if the unemployment rate is high, the central bank may consider lowering interest rates, and the government may introduce employment creation programs. Conversely, if the unemployment rate is low, there is a risk of inflation increasing, prompting the central bank to consider raising interest rates. Additionally, the unemployment rate is an important indicator for businesses and investors in forecasting economic conditions and devising investment strategies.
| Date | Value | Related Instruments Price Volatility | ||||||||
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| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
