Turkey’s unemployment drops again

Posted on 18 October 2011

18 October 2011, Istanbul – According to data released by TurkStat (Turkish Statistics Institute) Turkey’s unemployment has fallen to just over 9 percent for July 2011, down from 10.6 percent for the same period in 2010. The data revealed employment increased by nearly 1.5 million to reach 24.95 million employed. Of the total services employed 46.7 percent of the work force, followed by agriculture at 26.9 percent; industry at 18.9 percent, construction at 7.5 percent. The figures are not unexpected with Turkey reporting the world’s fastest growth rate at 11 percent and GDP growing  to over 15 billion USD in April to June 2011 period. With Turkey’s strong performance and stable growth rate experts believe unemployment is set to fall further. Source: Invest in Turkey

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