Turkey: Unemployment rate down in Oct

Number of jobless people aged 15 and over falls by 391,000 year-on-year to 4M in October

By Yunus Girgin

ANKARA (AA) - The unemployment rate in Turkey was 12.7% in October, falling 0.7 percentage points year-on-year, the country's statistical institute announced Monday.

The number of unemployed people aged 15 and over decreased by 391,000 to just over 4 million as of October compared to the same month last year, according to TurkStat, adding that the youth unemployment rate in the 15-24 age group fell to 24.9%, with a 0.4-percentage-point decrease.

The non-agricultural unemployment rate also fell by 0.9 percentage point to 14.8% year-on-year during the same month.

Meanwhile, employment was recorded at 43.6% with a 2.3-percentage-point annual decrease.

In September, the country's unemployment rate was also 12.7%.

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