Turkey’s unemployment rate drops to 10.5 percent in April


Turkey’s unemployment rate drops to 10.5 percent in April
  1. Turkey’s unemployment rate drops to 10.5 percent in April
    goodmorningturkey.com
    Turkey's unemployment rate drops to 10.5 percent in April The unemployment rate in Turkey rose 1.2 points to 10.5 percent in April compared to the same month last year, the Turkish Statistical Institute (TurkStat) announced Monday. The number of jobless aged 15 and over in the country jumped to 3.3 million, a rise of 463,000 on April last year, TurkStat said in a statement. However, April's figures showed a 1.2 percentage point drop from the previous month, when unemployment stood at…
    Turkey
Turkey’s unemployment rate drops to 10.5 percent in April Good Morning Turkey July 17, 2017

Turkey's unemployment rate drops to 10.5 percent in April

The unemployment rate in Turkey rose 1.2 points to 10.5 percent in April compared to the same month last year, the Turkish Statistical Institute (TurkStat) announced Monday.

The number of jobless aged 15 and over in the country jumped to 3.3 million, a rise of 463,000 on April last year, TurkStat said in a statement.

However, April's figures showed a 1.2 percentage point drop from the previous month, when unemployment stood at 11.7 percent.

April's employment rate was unchanged from the same period last year at 47.2 percent.

Labor force participation increased by 0.7 percentage point year-on-year to 52.7 percent.

The TurkStat report revealed that the number of women in the workforce rose 0.8 percentage points from the previous year to 33.4 percent.

According to the distribution of employment by sector; 18.9 percent was employed in agriculture, 19.1 percent was in industry, 7.8 percent was in construction and 54.3 percent was in services. Employment in services increased by 0.5 percentage points and construction increased by 0.3 percentage points while agriculture also decreased by 0.5 percentage points and industry decreased by 0.4 percentage points compared to the date from the same month of the previous year.

Commenting on the news, Enver Erkan, an analyst at KapitalFX, said that April's unemployment rate fell below the market and analyst forecasts of 11 percent and 10.7 percent, respectively.

"We see two main contributors to labor market conditions in Turkey," he added. "Firstly, after the strong economic growth in the first quarter of 2017, we see the leading indicators of the second quarter affecting economic growth positively."

Turkey's economy grew 5 percent in the first quarter of 2017, according to TurkStat data released on June 12.

Erkan added that they expect the strong growth…

  1. Turkish President Ends 2-Day Persian Gulf Visit, Crisis Unresolved

    Islamtimes.org - Turkey
    07.25 / 04:31 islamtimes.org
    Islam Times - Persian Gulf region ended with no resolution of the regional crisis ignited by Saudi-led regimes that cut ties with…
  2. Turkey spent TL 3.3B for universities’ Ramp;D activities in 2016

    Goodmorningturkey.com - Turkey
    07.24 / 22:01 goodmorningturkey.com
    Turkey spent TL 3.3B for universities' R&D activities in 2016 The government allocated almost TL 3.3 billion ($933.20 million), the lion's share of its spending on research and development (R&D) in 2016, to "general knowledge development activities," through its university funds. Government spending on R&D increased by 21.6 percent year-on-year to TL 7.5 billion in 2016. It has decided to allocate TL 8.2 billion for 2017. Meanwhile, the defense sector received the second largest R&D…
  3. Finance Minister Ağbal: Liberal economy prevents extremism

    Goodmorningturkey.com - Turkey
    07.24 / 22:01 goodmorningturkey.com
    Finance Minister Ağbal: Liberal economy prevents extremism As political tensions have started to result in economic protectionism, Turkey's Finance Minister Ağbal underlines that a liberal economy is the only way to fight extremism There is only way to fight extremism, Islamophobia and the far-right rising in Europe, and that is to defend the liberal economy along with democracy, human rights and an open society, according to Turkey's Finance Minister Naci Ağbal. Criticizing the recent de…
  4. Big pizza brands battle for Russia’s far-flung regions

    Goodmorningturkey.com - Turkey
    07.24 / 22:01 goodmorningturkey.com
    Big pizza brands battle for Russia's far-flung regions Global pizza brands Domino's and Papa John's are preparing an assault on Russia's provinces, betting they can turn a profit far from Moscow as online card payments become more widespread and consumers get to know foreign brands better. While stay-at-home Muscovites can order an array of international pizza brands from Sbarro to Domino's to Papa John's, regional cities such as Rostov-on-Don and Nizhny Novgorod are still chiefly the…
  5. TV guide to British politics

    Goodmorningturkey.com - Turkey
    07.24 / 22:01 goodmorningturkey.com
    TV guide to British politics British people give great importance to TV series, as it is obvious from the numerous comments on social media. One only needs to look at British television shows to get an understanding of how politics are run in the country The British love to engage in endless discussions about their television shows, as anyone who has spent time on Twitter U.K. knows. The British consider television to be an important institution that contributes to the formation of a…
  6. Lana Del Rey’s still got summer blues, but lusts for life

    Goodmorningturkey.com - Turkey
    07.24 / 22:01 goodmorningturkey.com
    MUSIC >Lana Del Rey’s still got summer blues, but lusts for lifeNEW YORK-Agence France-Presse Lana Del Rey emerged on the music scene as a haunting figure. She was “Born to Die,” in the words of her breakthrough album, and darkness permeated her sound and worldview. Five years after “Born to Die,” the prolific singer on July 21 put out her fourth major-label album, whose title -- “Lust for Life” -- would appear to show the inverse mindset. Yet for the 32-year-old singer, sorrow and joy are…