Unemployment rate falls to 10.3 percent
The unemployment rate n Turkey dropped to 10.3 percent n October, down 1.5 po nts from the same month the prev ous year, the Turk sh Stat st cal Inst tute (TurkStat) announced on Jan. 15. The number of unemployed people, aged 15 and above, decl ned to nearly 3.3 m ll on last October, a decrease of 360,000 from October 2016, when the unemployment rate stood at 11.8 percent, the statement sa d. The f gure also showed a 0.3 percentage po nt drop from the prev ous month, when unemployment stood at 10.6 percent, accord ng to TurkStat. October’s employment rate rose by 1.4 percentage po nts, from the same per od the prev ous year, to 47.6 percent. The labor force part c pat on rate was also up by 0.7 percentage po nts year-on-year, reach ng 53.1 percent.