Turkish unemployment rate 8.8% in May

The unemployment rate in Turkey has been announced to be 8.8 percent in May 2013. Turkish statistics authority, TurkStat, released Thursday the household labor force figures for May 2013. Unemployment rate announced as 8.8 percent with 0.6 percentage point increase, stated TurkStat. The number of unemployed people increased by 254 thousand in the period of May 2013 and reached 2 million and 526 thousand in Turkey. Number of employed people reached 26 million and 130 thousand with an increase of 848 thousand people  in the period of May 2013 over the same term of 2012. Labor force participation rate (LFPR) was noted 51.6 percent with 1.1 percentage point increase compared to the same period of the previous year for Turkey in May 2013 period.