Turkey: Unemployment Falls To 10.6 Percent İn August

Unemployment in Turkey dropped 0.7 points to 10.6 percent in August compared to the same month last year, the Turkish Statistical Institute (TurkStat) announced Wednesday.



The number of jobless aged 15 and over fell to 3.4 million, down 89,000 from the same month last year, TurkStat said in a statement.



The figure also showed a 0.1 percentage point drop from the previous month, when unemployment stood at 10.7 percent.



August's employment rate jumped 1.3 percent from the same period last year at 48 percent.



"The number of employed persons rose by 1.36 million to 28.82 million persons in the period of August 2017 compared with the same period in the previous year," TurkStat said.



The labor force participation rate was up 1.1 percentage point year-on-year to 53.7 percent.



Turkstat also said that the number of women in the workforce rose 1.2 percentage points from the previous year to 34.3 percent. -