Türkiye eyes to conclude the 12 months with single-digit unemployment and a development fee of 4.4%, Vice President Cevdet Yılmaz stated on Friday, hailing the optimistic streak within the gross home product (GDP) figures regardless of the early February earthquakes.
“In the January-September period, the number of employed individuals increased by 504,000 and our unemployment rate declined by 0.9% to 9.1%,” Yılmaz famous through the opening of the second version of the “Istanbul Human Resources Forum” organized by the Presidency’s Human Resources Office in Istanbul.
“According to the unemployment rate published by the Turkish Statistical Institute (TurkStat) in October, our current unemployment rate is 8.5%. This is the lowest unemployment rate in the last 11 years,” he defined.
Furthermore, the vp expressed satisfaction with the drop in youth unemployment figures, noting that the newest figures present “a positive surprise.”
“The seasonally adjusted youth unemployment has decreased by about five points compared to the same month of the previous year. This is a significant achievement,” he famous.
“In our medium-term program, we estimated unemployment as 10.1% on the finish of this 12 months. The newest figures present a optimistic shock. We will most certainly shut this 12 months with single-digit unemployment,” he stated.
Regarding the expansion figures, Yılmaz stated that the Turkish economic system recorded a development fee of 4.7% within the first 9 months of this 12 months, recalling that it expanded by 5.9% within the third quarter.
“We hope to end the year with a figure around 4.4%,” he famous.
“Our growth performance is crucial, especially in a period when the world is contracting, stagnation is particularly evident in Europe, earthquakes occur and many negative geopolitical developments take place in our surroundings,” Yılmaz stated.
As a part of his remarks through the HR discussion board, he additionally touched upon the digital transformation of each day by day life and work life because of the affect of digitization and groundbreaking applied sciences.
He famous that digital transformation, and developments in areas reminiscent of synthetic intelligence, automation and knowledge analytics “are changing the dynamics of the workforce, necessitating the acquisition of new skills and the continuous updating of existing ones.”
Source: www.dailysabah.com