Turkey’s unemployment rate fell to 9.6 percent in April from 10.6 percent in March according to a statement by the Turkish Statistical Institute on Wednesday.
In comparison to same period last year, the unemployment rate increased by 0.6 percentage point in April. The number of unemployed youth aged between 15-24 increased by 1.5 percentage points in April while the unemployment rate for those aged between 15-64 increased by 0.7 percentage point. Overall, the labour force participation rate was 51.1 percent.
After seasonal adjustment the number of people employed increased by 101 thousand persons and reached 26 million 518 thousand persons while number of unemployed decreased.
Earlier this month, the World Bank confirmed Turkey’s growth forecast at 3 percent for 2015 and stated that healthy public spending and strong job creation supports the country’s economy.
In addition, a separate report which shows Turkey’s central government’s budget realisation was announced on Wednesday. The report showed that Turkey had a budget surplus of 3.2 billion Turkish Lira ($1.21 billion) in June.
Finance Minister Mehmet Simsek spoke on the data after careful evaluation stating that a fall in Turkish inflation is anticipated this year oil prices continue to remain tapered and normalisation in food prices continues.