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Tuesday, 18 February 2020

Turkish official unemployment rate drops to 9 pct

Around 2.4 million are out of work in Turkey, according to official data

AFP, Monday 16 Jul 2012
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Views: 495

The Turkish unemployment rate fell to 9.0 per cent of the workforce in the three months from March to May, from 9.9 per cent in the same period in 2011, official data showed on Monday.

The number of unemployed people fell by 212,000 to reach 2.425 million on a 12-month comparison, Turkish Statistics Institute said on its website on the basis of a survey of 97,162 people.
Turkey's economy staged a spectacular recovery from the global crisis, growing by 8.9 per cent in 2010 and by 8.5 per cent in 2011. And Ankara aspires to join the ranks of the world's top 10 economies by 2023.
But its growth has already showed signs of slowdown by the last quarter of 2011, with a rate of 5.2 per cent -- considered a healthy slowdown by the Ankara government.
Unemployment remains a major challenge for the government in a country where many young people enter the workforce each year.
Turkey's jobless rate is determined through household surveys across the country which are then used to make a nationwide three-month projection.
But experts say the figures do not reflect the overall picture because of widespread undeclared or hidden unemployment, or the employment of educated, qualified people in menial jobs.
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