Ford drives hike in car production in Romania
5 days ago
Turkey's unemployment rate edged up from 9.6% in April to 9.7% in May, national statistics institute TUIK announced on August 15.
The rate was recorded at 10.8% in January but fell across the following three months. It stood at 10.2% in May 2017.
The latest figures also showed the non-agriculture unemployment rate rising from 11.4% in April to 11.6% in May while youth unemployment moved up sharply from 16.9% to 17.8%.
The labour force participation rate edged up from 53% in April to 53.3% in May.
The number of unemployed people rose from 3.09mn in April to 3.14mn in May. The number of employed persons increased by 650,000 from May 2017 to May 2018, a figure less than the 852,000 registered for the one-year period from April 2017 to April 2018.
Turkey's unemployment rate did not budge overall in 2017, remaining at the same 10.9% rate recorded for the previous year.
Capital Economics forecasts that the Turkish unemployment rate will increase to 12% in 2018.
Related Content
Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
UK’s Cameron addresses British “lack of seriousness” in Central Asia with five-day tour
23 hours ago
-
The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
22 hours ago
-
COLLINGWOOD: Ukraine’s power blackout means a dark future
1 day ago
-
Armenia and Azerbaijan announce first border delimitation deal since the collapse of the USSR
1 day ago
-
North Macedonia’s presidential election to test commitment to EU accession
1 day ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
6 days ago
-
Russia’s war economy boosted by rising oil prices
7 days ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
6 days ago
-
Iran vs Israel: Who is better equipped for war?
9 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Russia could pay off its entire external debt tomorrow, in cash
24 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
28 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
BRICS announce a blockchain-based payment system to create a common currency
26 days ago
-
UBN: Russia could take the Baltic states in 48 hours
1 month ago