Turkey's jobless rate falls to 10.2%: official survey

ANKARA - Agence France- Presse

Hürriyet photo

Turkish unemployment fell to 10.2 percent of the workforce in the three months to February, from 11.9 percent in the same period of 2011, official data showed on today.
 
The number of people unemployed fell by 380,000 people to 2.664 million on a 12-month comparison, the statistics institute said on the basis of a survey of about 95,000 people.
 
Turkey's economy staged a spectacular recovery from the global crisis, growing by 8.9 percent in 2010 and 8.5 in 2011.
 
This year however, Ankara expects 4.0-percent growth, indicating a sharp slowdown owing to the effects of the eurozone debt crisis.
 
Unemployment remains a major challenge for the government in a country where many young people enter the workforce each year.

Turkey's jobless rate is determined through household surveys across the country which are then used to make a nationwide three-month projection.
 
But experts say the figures do not reflect the overall picture because of widespread undeclared or hidden unemployment, or the employment of educated, qualified people in menial jobs.