World Economy

Turkey Jobless Rate Drops

Turkey Jobless Rate DropsTurkey Jobless Rate Drops

The unemployment rate in Turkey fell 0.9 percentage points between February and April to reach 11.7% after it had marked its highest rate in seven years, the Turkish Statistical Institute revealed Thursday, Andolu Agency reported. But the unemployment rate rose 1.6 percentage points in March compared to the same month of last year. The non-agricultural unemployment rate stood in March at 13.7% with a 1.8 percentage point increase. During the same period, the number of unemployed in the country aged 15 and over increased to 3.6 million in March 2017, a rise of 619,000 from March 2016. Meanwhile, Turkish Economy Minister Nihat Zeybekci has said that trade between his country and African states has reached $20 billion a year, adding Turkish investments worth $10 billion have been made in Africa. Zeybekci and Burundi’s Minister of External Relations and International Cooperation Alain Aime Nyamitwe signed the Promotion and Protection of Investments Agreement between the two countries in Ankara on Wednesday.

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