Turkey’s Unemployment Rate Falls

Posted October 17th, 2011 at 11:15 am (UTC-5)
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Turkey's unemployment rate has dropped to 9.1 percent, as the country's economy continues to register stable growth.

The Turkish Statistics Institute said Monday that its data show the unemployment rate fell to 9.1 percent in the three months ending in July, down from 10.6 percent in the same period last year. The data show the number of unemployed in the country fell to 2.5 million, a decrease of 273,000.

Turkey has made a strong recovery from the global economic crisis over the past year. The country's economy expanded at a rate of 8.8 percent in the second quarter of 2011 compared to the second quarter of 2010.

Almost 1.5 million more people found jobs compared to last year, with the number of those employed reaching nearly 25 million.

However, experts say the figures do not reflect the overall picture. According to the French news agency, they say this is because of widespread undeclared unemployment, or the employment of educated, qualified people in menial jobs.

Turkey is now the world's 17th largest economy. It has been steadily growing due to measures put in place aimed at securing membership in the European Union.