Turkish jobless support applications surge
Applications to a Turkish government-run agency providing income support and job-seeking help to the unemployed surged 42 percent to 3.55 million in the first nine months of the year, according to Şehribar Kılıç's news report on Cumhuriyet.
The rate of increase accelerated from 35 percent in the eight months to August, according to data provided by the agency, İşkur on Wednesday.
The government, eyeing elections due in 2019 at the latest, is seeking to boost economic growth through loan guarantees and tax reductions on consumer goods as the jobless rate increases and consumer confidence stumbles. Unemployment rose to 10.7 percent in July from 10.2 percent the previous month, according to the latest data published by the government on Oct. 16.
Turkey’s economy may grow in double digits in the third quarter of the year, the government says. Industrial production rose 10.4 percent year-on-year in September, the second-highest increase this year after July’s 14.5 percent increase, data published today showed.