UPDATE - Turkey: Unemployment rate at 13.3% in Nov 2019

UPDATE - Turkey: Unemployment rate at 13.3% in Nov 2019

Number of jobless up 1 percentage point year-on-year to over 4.3 million in November 2019, reveals report

UPDATE WITH MORE DETAILS

By Tuba Sahin

ANKARA (AA) - The unemployment rate in Turkey was 13.3% in November 2019, up 1 percentage point from the same month of the previous year, the Turkish Statistical Institute (TurkStat) announced Monday.

In a statement, TurkStat said the number of jobless aged 15 and over in the country rose to 4.3 million by the end of the month -- a rise of 327,000 from November 2018.

However, November's figures showed a 0.1-percentage-point fall compared to a month earlier, when unemployment stood at 13.4% in October 2019.

The employment rate slipped 0.9 percentage point to 45.6% -- almost 28.17 million people -- from the same period the previous year.

The youth unemployment rate between aged 15-24 years reached 24.5% showing a rise of 0.9 percentage points during the same period.

"The rate of neither in employment nor in education realized as 25.2% with 0.9 percentage point increase compared with the same period of the previous year," TurkStat said.

The labor force participation rate decreased 0.5 percentage point on an annual basis, falling to 52.5% in November last year.

The report revealed that the number of women participating in the workforce went down 0.2 percentage points from the previous year to 33.9%.

Turkish government targets a 12.9% unemployment rate for 2019 under its economic program announced last September. The program estimates the unemployment rate will decrease gradually to hit 9.8% in 2022.

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