Economy Turkey’s unemployment rate falls to 10.1 pct in March

Turkey’s unemployment rate falls to 10.1 pct in March

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Unemployment rate in March goes down 1.6 percentage points year-on-year, according to official data

 Turkey’s unemployment rate stood at 10.1 percent in March, falling 1.6 percentage points on a yearly basis, the country’s statistical authority said on Monday.

TurkStat said the number of unemployed persons age 15 and over — 3.2 million last March — decreased 432,000 year-on-year.

“In the same period, non-agricultural unemployment rate occurred as 11.9 percent with a 1.8 percentage point decrease,” TurkStat said.

“While the youth unemployment rate including persons age 15-24 was 17.7 percent with a 3.7 percentage point decrease, the unemployment rate for persons age 15-64 occurred as 10.3 percent with a 1.7 percentage point decrease.”

The number of employed people rose by some 1 million to nearly 10.3 million over the same period, pushing the employment rate up to 47.1 percent with a 1 percentage points annual increase, the institute added.

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