Turkey’s unemployment rate down by 1.8 pct in October

Turkey’s unemployment rate dropped by 1.8 percentage points to 11.2 percent in October 2010, compared to the same month of 2009. The Turkish Statistics Institute (TurkStat) released its latest Household Labor Force Survey, for October 2010, January 17.

Eleven percent unemployment is generally considered to be the rate for Turkey below which it begins to stimulate inflation.

Source: Today’s Zaman


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