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World

Turkey's jobless rate falls to 9.8 percent

Published Updated

 ISTANBUL: Turkish unemployment fell to 9.8 percent of the workforce in the three months to January, from 11.4 percent in the same period of 2010, official data showed on Thursday.

The number of jobless decreased by 353,000 people to 2.57 million on a 12-month comparison, the statistics institute said on the basis of a survey of 95,000 people.

Turkey's economy staged a spectacular recovery from the global crisis, growing by 8.9 percent in 2010. The government expects growth of 8.0 percent for 2011.

This year however, Ankara expects 4.0 percent growth, indicating a sharp slowdown owing to the effects of the eurozone debt crisis.

Unemployment remains a major challenge for the government in a country where many young people enter the workforce each year.

Turkey's jobless rate is determined through household surveys across the country which are then used to make a nationwide three-month projection.

But experts say the figures do not reflect the overall picture because of widespread undeclared or hidden unemployment, or the employment of educated, qualified people in menial jobs.

Copyright AFP (Agence France-Presse), 2012

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