Unemployment on the rise in Turkey, hits record at 15.5 pct in January

Unemployment on the rise in Turkey, hits record at 15.5 pct in January

ISTANBUL - Turkey’s unemployment rate jumped to a record high of 15.5 percent in the three months through February when compared with the same period last year, official data showed Wednesday, as the country increasingly feels the severe impact of the global economic crisis. (UPDATED)

Haberin Devamı

Turkey, where the jobless rate was 13.6 percent in December, now has about 3.65 million unemployed, the latest figures revealed.

 

The jobless rate was 11.6 percent in January 2008.

 

The labor force participation rate from December 2008 to February was calculated as 45.8 percent, the Turkish Statistic Institute, or TURKSTAT, said. The unemployment rate is 17.2 percent in urban and 11.8 percent in rural regions, it added. 

 

The number of the unemployed people continues to rise in Turkey as the impact of the global economic crisis bites deeper into the local economy.

  

Haberin Devamı

The Turkish government on Monday announced revised figures for 2009, forecasting unemployment at 13.5 percent, and an expectation for a 3.6 percent economic contraction; a sharp turnaround from its earlier prediction of 4 percent growth.

 

 

 

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