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Turkish unemployment surges to 13.5 percent, highest in nine years

https://www.oann.com/turkish-unemployment-surges-to-13-5-percent-highest-in-nine-years/
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Mar 15, 2019 4:06 AM 1+ mon ago

ISTANBUL (Reuters) - Turkey's unemployment rate jumped to 13.5 percent in the November-January period, its highest level in nine years, official data showed on Friday, in a fresh sign of the impact of last year's currency crisis.

The economy contracted a sharper than expected 3 percent in the fourth quarter of 2018, its worst performance in nearly a decade, indicating last year's near 30 percent slide in the lira had tipped it into recession.

The number of people registered as unemployed jumped to 4.3 million in the three months to January, a surge of more than one million from a year earlier when the jobless rate stood at 12.7 percent, data from the Turkish Statistical Institute showed.

In February, the ...

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