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Turkey Jobless Rate Falls to 10.1%

Turkey Jobless Rate Falls to 10.1%Turkey Jobless Rate Falls to 10.1%

Turkey’s unemployment rate stood at 10.1% in March, falling 1.6 percentage points on a yearly basis, the country’s statistical authority said on Monday. TurkStat said the number of unemployed persons aged 15 and over—3.2 million last March—decreased 432,000 year-on-year, Anadolu Agency reported. “In the same period, non-agricultural unemployment rate was 11.9% with a 1.8 percentage point decrease,” TurkStat said. “While the youth unemployment rate including persons aged 15-24 was 17.7% with a 3.7 percentage point decrease, the unemployment rate for persons aged 15-64 stood at 10.3% with a 1.7 percentage point decrease.” Breaking down employment by sector, 17.7% of people are employed in agriculture, 19.7% in industry, 7.3% in construction and 55.3% in services, TurkStat said. Official data showed that the labor force participation rate was 52.4%—a 0.2-percentage point increase year-on-year—while the number of people in the labor force reached 31.7 million—up 578,000. The male LFPR stood at 71.8%—down 0.1 percentage point—while the female rate was 33.4%—up 0.5 percentage points on a yearly basis.

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