Unemployment down 0.3 pct in February: Turkstat
11:11, 16/05/2016, Monday
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The ranks of the unemployed shrink by 2,000 as unemployment falls 0.3 pct year-on-year
The Turkish unemployment rate fell slightly in February 2016 from a year earlier, the Turkish Statistical Authority reported Monday.
The number of people unemployed declined 2,000 as unemployment was down 0.3 percentage point year-on-year, hitting 10.9 percent, TurkStat said.
New data showed that unemployment was also slightly better than the previous month's reading of 11.1 percent.
According to TurkStat, the number of people seeking a job age 15 and over was at 29.68 million in February 2016, a rise of 877,000 people from a year earlier.
The meager decline of 2,000 in the number of people unemployed seems understandable considering the huge year-on-year increase of nearly 877,000 in the labor force.
The labor force participation rate was 50.8 percent, up 0.7 point year-on-year.
The youth unemployment rate, representing the 15-24 age group, also saw significant improvement, as the reading fell 1.4 points, to 18.6 percent.