2/16/2012

Outlook positive in Turkey’s job growth as unemployment drops

Today’s Zaman - A strong recovery in service industry employment over the preceding month helped pin Turkey's jobless rate at 9.1 percent for the second month in a row in November, the Turkish Statistical Institute (TurkStat) announced on Wednesday.

Turkey's unemployment rate fell to 9.1 percent in November 2011, down from 11 percent in the same period of the previous year, Wednesday's data showed. According to TurkStat's data, the number of unemployed persons in Turkey declined by 382,000 in November, as compared to the same month in 2010. The total number of unemployed persons in Turkey now stands at 2.42 million, while 24.2 million are currently employed. The institute also stated that the unemployment rate for non-agricultural jobs was 11.4 percent, and youth unemployment stood at 17 percent.

Speaking to reporters in Istanbul on Wednesday, Turkey’s Economy Minister Zafer Çaglayan said Turkey saw its lowest unemployment level in the month of November. Made hopeful by declining jobless numbers, the minister said that underlying the creation of new jobs was a dynamic domestic market. “Turkey maintained high productivity at home despite problems in our export markets,” he explained. Çaglayan said the government might have to revise its year-end unemployment estimation, should jobs continue to grow at this speed.
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