Turkey’s unemployment rate becomes 13.4 percent

Turkey’s unemployment rate becomes 13.4 percent in August, Turkish Statistical Institute said November 16. According to TurkStat’s Household Labor Force Survey for August, the labor force participation rate was calculated as 49.3 percent. The unemployment rate was 16.5 percent in urban areas and 7.4 percent in rural areas in August.

Previous unemployment rate of 12.8% in July increased by 0.6% and make it 13.4% in August. Turkey shed 192,000 jobs in services, construction and manufacturing in the period from 2008, while agricultural jobs rose 40,000, TurkStat said. According to analysts, the workforce grew by about 1 million from the same period in 2008.

Source: Hurriyet Daily

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