Turkish unemployment rises to highest in 10 months
Turkey’s unemployment rate rose to 10.8 percent in January, the highest level in 10 months, figures published by the Turkish Statistical Institute showed.
The rate rose from 10.4 percent in December, according to data released on Monday. Unemployment was 13 percent a year ago, when it was elevated due to an attempted military coup six months earlier.
Turkey’s government is seeking to keep jobless numbers in check ahead of presidential and parliamentary elections slated for November next year. The ruling Justice and Development Party (AKP) also faces local elections next March. Economic and consumer confidence has slid in recent months, with the construction sector hit particularly hard, as interest rates rose and the lira slumped against the dollar.
The unemployment rate was the highest since March last year, when 11.7 percent of the working age population were jobless.
Youth unemployment increased to 19.9 percent from 19.2 percent.