Turkey jobless rate edges down to 12.8 percent

Turkey’s headline jobless rate fell to 12.8 percent in the three months to June, but non-agricultural unemployment remained static and more young people were without a job.  

The rate, which is not seasonally adjusted, dropped from 13 percent in the three-month period to May, the Turkish Statistical Institute said on its website on Thursday.

Turkey’s government is seeking to stimulate the economy with cheap loans from state-run banks, tax cuts and lower central bank interest rates after a currency crisis last year sent growth rates spinning downwards.

Seasonally adjusted unemployment rose to 14 percent from 13.8 percent.

Non-farm unemployment was unchanged at 15 percent, the figures showed. Youth unemployment rose to 23.3 percent from 22.2 percent. The number of young people without a job and not in education – an international benchmark for measuring youth unemployment -- climbed to 24 percent from 23.4 percent.

The data for April to June includes the 14th to 26th weeks of the year with May as the middle month.

Unregistered employment increased to 34.4 percent of the work force from 34.2 percent the previous month.

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