Turkish unemployment , highest in nine years ,13.5 percent!!!

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.

Sliding to 30 percent last year in freedom had fallen into recession, the economy contracted stronger than expected 3 percent in the fourth quarter of 2018, its worst performance in nearly a decade.

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.

Turkey has left the worst consequences of its economy according to President Tayyip Erdogan and Finance Minister Berat Albajrak.

Non-agricultural unemployment stood at 15.6 percent in November-January, data showed, from 14.3 percent in October-December./Investing.com


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