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Turkey Jobless Rate at 9.4%

Turkey Jobless Rate at 9.4%Turkey Jobless Rate at 9.4%

The unemployment rate in Turkey rose 0.1 percentage point in May year-on-year, the Turkish Statistical Institute said in a statement on Monday, Anadolu Agency reported. The number of unemployed persons aged 15 years old and over rose to 2.89 million in May 2016, an increase of 106,000 from the previous year, while the unemployment rate stood at 9.4%, the statement said. Unemployment also saw a 0.1 percentage point increase from April 2016, according to the report. The employment rate in May increased by 0.6 percentage point to 47.5% over the same period last year, as Turkey added nearly 800,000 jobs. The labor force participation rate also rose 0.8 percentage points in May year-on-year, to 52.5%. The number of women participating in the workforce increased 0.8 percentage points from the previous year to 32.9%.

Financialtribune.com