Yildirim: Turkey must cut unemployment to single-digits

Yildirim: Turkey must cut unemployment to single-digits

Turkish Prime Minister Binali Yildirim said the Turkish government must slash unemployment rate to single digits again.

"Thanks to the great moves of Turkey’s employers for a recent campaign to boost employment across Turkey, some 1.2 million new jobs were created since February, pushing down the unemployment rate. This is not enough. We have to cut the unemployment rate back to single digits again," Yıldırım said in a meeting with representatives from labor unions.

Turkey can achieve its goal to reduce unemployment by giving a further boost to investment and production,  Yildirim said.

Labor force participation in Turkey is, however, higher than the country’s new job creation level, he said. 

“We are aware of this issue. This can be solved only by making new investments and launching new businesses,”  Hurriyet Daily cited him as saying.

Turkey’s unemployment rate was announced 12.6% in the February period, with a 1.7 percent year-on-year increase, official data showed on May 15.