Unemployment in Turkey down

  Date posted: 11th of May 2012

There are now more than 24 million people in Turkey who are securely employed as the unemployment rate in Turkey falls once again.

According to statistics from the Turkish Statistics Institute (TurkStat) the unemployment rate in Turkey now stands at 9.1 percent measured in July 2011 compared with 10.6 percent in July 2010. The number of people currently unemployed fell by 273,000 in July compared with last year, to now stand at around 2.5 million people unemployed in Turkey.

The data showed that the number of people who are now employed in Turkey has risen by 1.47 million in July compared with July last year; to now stand at 24.95 million people employed.

The main factor in driving unemployment in Turkey down has been argued to be the current stable and secure economy in Turkey. Turkish economy stable and has secured sustained growth recently whilst the rest of Europe seems to be suffering with the weak Euro. The Turkish economy grew by an unprecedented 11 percent in the first quarter of 2011, the fasted growing economy in the world and Turkish GDP has grown by 8.8 percent this year.

Turkey has aims to be one of the top ten economies in the world come 2023, the centenary year of Turkey. Turkey is always growing and developing rapidly, as the country grows and opportunities continue to be found in Turkey, the unemployment rate in Turkey will continue to go down as more and more people find jobs in the current flourishing Turkish market.