Turkey's unemployment rate set at 13.7 percent

Turkey's unemployment rate set at 13.7 percent

Turkey's unemployment rate fell to 13.7 percent in the February to April period, continuing steady improvement as the economic recovery strengthens.

A recession drove unemployment to 15.8 percent in the same period last year, but Turkey's economy is now recovering with the government last week revising up its economic growth estimates to 6-7 percent for this year.

The unemployment rate, which is measured on a three-month average, was 14.4 percent in the January-March period, the Turkish Statistics Institute said.

Turkey's workforce which swells annually due to a large young population grew to 25.179 million in the February-April period from 23.924 million a year earlier. The number out of work fell to 3.438 million from 3.776 million the previous year.

Non-farm unemployment fell 16.7 percent from 18.9 percent a year earlier.

Youth unemployment fell to 24.6 percent from 27.5 percent the previous year.