The currency crisis in Turkey continues to yield its effects on the Turkish economy. Turkey’s unemployment rate rose to 13.5 per cent in November-January. It is also the highest recorded rate in the past nine years, according to data official this Friday.
Data from the Turkish Institute of Statistics showed an increase of more than a million from the previous year when the unemployment rate stood at 12.7 per cent. While in January the number of registered unemployed this January quarter grew 4.3 million.
The unemployment rate was 12.3 percent in the last three months of 2018.
2.5 million new jobs, expectations will be provided by the government’s cooperation and the Union of Chambers and Commodities Exchanges, who will launch a new job-recruitment campaign in February.
Non-agricultural unemployment stood at 15.6 percent in November-January, data showed, from 14.3 percent in October-December./Investing.com