Turkey's unemployment rate to reach one-digit figures

The Turkish state minister for foreign trade said that Turkey's unemployment rate would continue to decrease and soon reach one-digit figures

Turkey's unemployment rate to reach one-digit figures

 

The Turkish state minister for foreign trade said on Monday that Turkey's unemployment rate would continue to decrease and soon reach one-digit figures.

Releasing a written statement on the latest labor force figures announced by Turkey's statistical authority, TurkStat, Turkish State Minister Zafer Caglayan said the figures for May 2010 period showed that the unemployment rate would drop to one-digit figures in the upcoming months.

"Aside from the developments in Turkey's economy, the increase in our export figures in January-May period also has a major role in the decline in unemployment rate," Caglayan said.

The minister noted that Turkish exports had increased by 15.6 percent in January-May term of 2010 compared to the same period of 2009, and consequently, the unemployment rate had decreased by 2.6 points.

"In order to drag down the unemployment rate, the sustainable growth of our exports should continue," Caglayan added.

TurkStat announced on Monday labor force figures for May 2010 period (April, May, June).

Accordingly, Turkey's unemployment rate decreased by 2.6 points to 11 percent in May 2010 period over to May 2009. The unemployment rate was 13.6 percent in May 2009.

The number of unemployed people also dropped 536,000 to 2,846,000 in May period, TurkStat said.

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Last Mod: 16 Ağustos 2010, 15:51
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