Financial Schools Reviews

() - Turkey’s unadjusted jobless rate eased to 12% in April from 13.7% in March, Turkish Statistical Office said Thursday. That was better than the expected rate of 12.8%. A year ago, the unemployment rate was 14.9%.

Jobless rate for Turkey’s urban area dropped to 14.2% from 17.5% recorded last year and that to the rural area slowed to 7.6% from 9.5%. In April, the country’s employment rate increased to 43% from 40.2% last year, with the urban rate at 40.1% and rural rate at 49.7%.

There were 22.50 million employed in April, up from 20.69 million last year. In the urban Turkey, the number of employed was 14.63 million and 7.86 million in the rural area. At the same time, the number of unemployed decreased to 3.07 million from 3.61 million.

On a seasonally adjusted basis, the jobless rate fell to 12% from March’s revised rate of 12.5%. The adjusted employment rate was 43.1%, up from the previous month’s 42.9%. Labor force participation rate in April was 49%.

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