Turkey's unemployment rate drops to 9 pct in April

DAILY SABAH WITH AGENCIES
ISTANBUL
Published 15.07.2014 12:04
Updated 15.07.2014 12:20
Turkey's unemployment rate drops to 9 pct in April

After seeing 9.7 percent in March, Turkey's unemployment has fallen to 9 percent in April, official figures released by the Turkish Statistical Institute (TurkStat) show.

The number of people out of work in Turkey has fallen by 168,000 in April to 2.57 million, the same level as at the end of last year. The figures come as inflation was recorded to have fallen to 9.16 percent in June.

At just over 26 million, the number of people in work, increased by 617,000 in April, TurkStat data shows. Of those in employment in April, 21.3 percent worked in agriculture, 20.5 percent in industry, 7.3 percent in construction and 50.9 percent worked in the services sector.

Unemployment in Turkey had risen above the government target of 9.5 percent to 9.7 percent in 2013 as the labor growth outstripped the number of people employed. According to its medium-term program, the government foresees unemployment reaching 9.4 percent this year. Turkey's unemployment prediction is better than the forecast for the European Union. The European Commission, the EU's executive arm, projects that unemployment across the EU will rise to 10.5 percent before leveling off.

In April, the Eurozone unemployment rate fell to 11.7 percent, while the rate for the full 28-member EU fell to 10.4 percent, the European Union statistical body reported in June.

Unemployment figures in Turkey are affected by increasing number of Syrian refugees in the country. According to Turkish official, the refugees now total 1,050,000. Syrians who are looking for jobs are willing to work at half the wages of Turkish workers, especially in the agriculture, production and service sectors.



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