The jobless rate held steady at 2.8% in April, the lowest since June 1994, the Ministry of Internal Affairs and Communications said.

Source: Republic of Turkey Ministry of Economy

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The unemployment will fall to around 9.5% by the end of 2017 and below 8% in 2018, claimed the Turkish Ministry of Labor.

“Data in our hands show that there will be significant decreases in the unemployment rate even by March and April. We will see the rate decline below 11%.

Thanks to new local and foreign investments, we will see the unemployment rate decline below 8%.”

Furthermore, there have been created 802,856 new jobs since the beginning the year which was above the expectations.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.