Unemployment Turkey down to 10.2%

Unemployment levels in Turkey fell to 10.2 percent in the three months to February, from 11.9 percent in the same period of 2011, official data showed on today.

The number of unemployed people fell by 380,000 to 2.664 million compared to the same period last year on the basis of a survey of about 95,000 people.

The economy in Turkey made a spectacular recovery from the global economic crisis, and grew 8.9 percent in 2010 and 8.5 in 2011.

For 2012 Ankara expects only a 4 percent growth as a result of the ongoing debt problems in the Euro zone.

Youth unemployment remains a major challenge for the government as each year many new entrants appear on the job market in Turkey. The unemployment level is determined by the statistics institute through household surveys across the country, which are then used to create a nationwide three-month projection.

Experts say the figures do not reflect the overall picture thanks to widespread undeclared or hidden unemployment, or the employment of educated, qualified people in menial jobs. The job market is not functioning optimally forcing a lot of people out of the job market or into jobs for which they are over qualified.

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