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Turkey's unemployment rate at all time low in 2 years

by Daily Sabah

ISTANBUL Jul 15, 2016 - 12:00 am GMT+3
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by Daily Sabah Jul 15, 2016 12:00 am

The unemployment rate in Turkey dropped to 9.3 percent in April from 9.6 percent year-on-year and also fell month-on-month from 10.1 percent in March of this year, reaching its lowest point since June 2014, the Turkish Statistical Institute (TurkStat) announced Friday.

In a month-on-month comparison, the non-agricultural unemployment rate was 11 percent with a 0.6 percentage point decrease. While the youth unemployment rate, including people aged between 15 and 24, was 16 percent with a 1 percentage point decrease, the unemployment rate for people aged between 15 and 64 was 9.5 percent with a 0.3 percentage point decrease.

Employment was 47.2 percent with a 1 percentage point increase.

The number of agricultural employment decreased by 159,000 people, while the number of non-agricultural employment increased by 1.159 million people in this period. According to the distribution of employment by sector, 19.4 percent were employed in agriculture, 19.5 percent in industry, 7.5 percent in construction and 53.6 percent in services. Employment in services increased by 1.5 percent and construction increased 0.3 points while agriculture decreased 1.3 percent and industry decreased 0.5 percent.

In addition, the labor force participation rate (LFPR) was 52 percent with a 0.9 percent increase. The LFPR for men was 71.9 percent with a 0.7 percent increase while the rate for women was 32.6 percent with a 1.2 percent increase compared to the same period the previous year.

Also, the ratio of persons working without any social security for their main job was 33.5 percent with a 0.2 percent increase in April 2016 compared with the same period the previous year.
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