Turkish unemployment drops to 10.4 percent: official survey
ANKARA - Agence France- Presse
Hürriyet photoTurkish unemployment declined to 10.4 percent of the workforce in the three months to March, from 11.5 percent in the same period in 2011, official data showed on today.
The number of unemployed people fell by 243,000 to reach 2.721 million on a 12-month comparison, the statistics institute said on the basis of a survey of 96,500 people.
Turkey's economy staged a spectacular recovery from the global crisis, growing by 8.9 percent in 2010 and by 8.5 percent in 2011.
This year however, Ankara expects four-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.