Economics
Unemployment Finds Ways to Hide in a Country That Banned Layoffs
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Look beyond unemployment to get a read on Turkey’s labor market.
The government’s temporary ban on layoffs, coupled with allowances for workers, are helping mask the extent of the distress in an economy tripped up by the coronavirus pandemic. Reported with a lengthy lag, official data show Turkey’s unemployment rate at 13.2% in February-April, a slight drop from the first quarter.