July sees 1.47 mln new jobs as unemployment falls to 9.1 pct

Turkey’s unemployment rate continued to fall, with the country’s unemployment rate registering 9.1 percent in July of this year, according to data released by the Turkish Statistics Institute (TurkStat) on Monday.

The results of the TurkStat Household Labor Force Survey, released on Monday, indicate the number of people employed in Turkey increased by 1.47 million year-on-year in July to reach 24.95 million. TurkStat said the unemployment rate fell to 9.1 percent in July, down from 10.6 percent in the same period of last year. Likewise, the number of unemployed decreased by 273,000 in July over the same period of the previous year and reached 2.5 million. Observers argued stable growth in the economy will help drive the country’s unemployment further down through the end of the year. Turkey registered the world’s fastest economic growth rate with 11 percent in the first quarter over the same months in 2010. Its gross domestic product (GDP) grew by 8.8 percent, amounting to $15.5 billion, in the April-June period of this year over the same period a year ago, maintaining the strong performance. Unemployment was 11.5 percent in urban areas in July, a 1.7 percent drop year-on-year, and was 4.7 percent in rural areas, a 0.8 percent drop in the same period. Unregistered employment — the share of people who have no social security benefits — was 43.4 percent, marking a 1.7 point decrease from the previous year.  Looking at a sector-specific distribution of the employed, agriculture employed 26.9 percent of total workers in July 2011, industry 18.9 percent, construction 7.5 percent and services 46.7 percent.

 

 

17 October 2011, Monday / TODAY’S ZAMAN, İSTANBUL