Turkish official unemployment rate hits record 15.5 pct

ANKARA - The Turkish unemployment rate rose to a record of 15.5 percent of the work force in the three months to February, a rise of 4.2 percentage points from the level 12 months earlier, an official estimate showed on Wednesday.

By (AFP)

Published: Wed 15 Apr 2009, 7:35 PM

Last updated: Thu 2 Apr 2015, 3:37 AM

The number of people unemployed shot up by 888,000 from the equivalent figure 12 months previously to 3.65 million, the figures from the statistics institute Tuik showed.

Tuik compiled the data from a study of 91,000 people.

The unemployment rate for the whole of 2007 was put at 9.9 percent, and the number of unemployed at 2.33 million.

Experts said that the figures produced by Tuik, although the best available, were flawed and that the rate might be closer to 20 percent at least.

The government said on Tuesday that the economy was likely to contract by 3.6 percent this year.

More news from Business
Luxury vrooms again


Luxury vrooms again

This year the #NoFilterDXB witnessed a dazzling array of replica vehicles from some of Hollywood’s most classic movies and TV shows.

Business2 days ago