Turkey's unemployment rate at 10% in December 2013

The unemployment rate in Turkey reached 10 percent in December 2013, a 0.1 percentage point increase from the previous month, according to a report released on Monday by the Turkish Statistical Institute.The number of unemployed increased by nearly 19 thousand to reach over 2.8 million people nationwide.The country´s unemployment rate was 9.9 percent in November 2013 while it was 10.1 percent in December of the previous year. The labor force participation rate (LFPR) for December 2013 stands at 50.1.Turkey's unemployment rate for the year 2013 was 9.7 percent, which represented a 0.5 percentage point rise from 2012, according to a report published by the Turkish Statistical Institute agency on March 6th.As the number of unemployed people increased by 229 000 in 2013, the number of employed also rose by 496 000 from the previous year to reach 25.262 million people in December 2013.Labor force participation rate (LFPR) in 2013 was 50.8 percent, a 0.8 percentage points increase compared to  2012.The unemployment rate for 2014 is projected to rise to 10.5 percent before levelling off, according to the EU Commission forecast.In comparison, the unemployment rate in the EU stands at 12%, according to the statistics office, Eurostat.