Turkish unemployment grows to 12.8 percent

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Thursday, October 15, 2009STEVE BRYANT ANKARA Bloomberg

DHA photo

Turkeys unemployment rate jumped to 12.8 percent in the three months through August as the deepest recession in 50 years sparked job losses.

The rate rose from a revised 9.9 percent in the same period of last year, the statistics agency in Ankara said on its Web site on Thursday. The jobless rate was 13 percent in the month-earlier period and 16.1 percent in the first quarter, the highest since records began in 2005.

The International Monetary Fund forecasts Turkeys economy will contract 6.5 percent this year, which would be the deepest shrinkage since World War II. The central bank says its not convinced theres a sustainable recovery and may extend a series of rate cuts when it meets later Thursday.

The economy shed 314,000 jobs in services, construction and manufacturing in the period from the year earlier, while agricultural jobs rose 364,000, the statistics agency said Thursday. The workforce grew about 800,000 from the same period a year earlier, it added.

About 22.2 million people were employed in the period, little changed from a year earlier.

The workforce participation rate, a measure of how many people of working age are working or seeking employment, rose to 49.3 percent from 48.4 percent a year earlier, the statistics agency said.

The jobless rate among young people was 23.2 percent, it said

 

LINK: http://www.hurriyetdailynews.com/n.php?n=turkish-unemployment-rate-jumps-to-12.8-percent-2009-10-15

Truth about Turkish Crimes against Humanity, please visit:

http://www.unitedhumanrights.org/Genocide/armenian_genocide.htm

Turkeys unemployment rate jumped to 12.8 percent in the three months through August as the deepest recession in 50 years sparked job losses

 

errrrrrrr, the recession seems to be easing, but not for the turcos

 

Truth about Turkish Crimes against Humanity, please visit:

http://www.unitedhumanrights.org/Genocide/armenian_genocide.htm

Cheap labour just doesnt cut it anymore. There is allways a cheaper guy like your muslim rat brothers the PAKIS

Truth about Turkish Crimes against Humanity, please visit:

http://www.unitedhumanrights.org/Genocide/armenian_genocide.htm

or the bangalis

 

Truth about Turkish Crimes against Humanity, please visit:

http://www.unitedhumanrights.org/Genocide/armenian_genocide.htm

Continue to talk with yourself.

Guys, don't bother him.

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"The jobless rate among young people was 23.2 percent"

They should join the army and help fight the freedom fighters, problem solved!

although many may come back in body bags

Truth about Turkish Crimes against Humanity, please visit:

http://www.unitedhumanrights.org/Genocide/armenian_genocide.htm

LOL.

Turk Bir Dev

Schizophreniac....

So much for the near east 'superpower'. LOL

"Turkish unemployment grows to 12.8 percent"

Okay, so, nobody in Turkey gives a decent job to a kort, and we couldn't care less about kortish unemployment statistics when the rest of the population is working hard to make and maintain Turkey as a trillion dollar economy, despite the problems that korts themselves create, like terrorism, and the billions of dollars spent annually for fighting it. Tell us something we didn't already know.

Turk Bir Dev