Turkey urges more reforms to reduce jobless rate

Source: Xinhua| 2017-11-16 05:26:36|Editor: Mu Xuequan
Video PlayerClose

ANKARA, Nov. 15 (Xinhua) -- Turkish Deputy Prime Minister Mehmet Simsek on Wednesday called for more reforms to reduce unemployment rate to single digit.

"We have to make reforms to reduce unemployment rate to a single digit and generate more jobs," he said at a capital market congress in Istanbul.

Turkey's unemployment rate dropped 0.7 percentage point to 10.6 percent in August year-on-year, Turkish Statistical Institute (TurkStat) said Wednesday.

The data also showed a slight decrease of 0.1 percentage point from July's rate of 10.7 percent, TurkStat said in a statement.

The number of jobless aged 15 and over fell to 3.4 million, down 89,000 in August 2017 compared with the same month last year.

In the same period, non-agricultural unemployment stood at 12.8 percent with a 0.9 percentage point decrease.

While youth unemployment rate for people aged 15-24 was 20.6 percent with a 0.7 percentage point increase.

Turkey had a strong growth performance and continued to provide employment despite the ongoing challenges facing the country, he added.

The government's three-year medium-term program, which it renews each year, forecast unemployment at 10.8 percent in 2017 and 10.5 percent in 2018, which will drop to single digits in 2019 and 2020.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105091367553881