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Labor costs climb in Turkey as new jobs created
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Labor costs climb in Turkey as new jobs created
21 September 2011
Return to index
The hourly labor cost index for Turkey rose by 9.6 per cent year-on-year during the second quarter of 2011.
This figure was pushed up by a 12.9 per cent rise in the
construction
industry
, while the services sector saw spending in this area climb by 10.3 per cent.
Labor cost items in the services
industry
were 8.7 per cent higher over the 12 months, while the highest rate of growth was seen within the information and communication field, at 14.6 per cent for the period in question.
Further TurkStat figures have suggested that the joblessness rate in Turkey declined during the three months to June 2011 and the number of people in non-agricultural jobs rose by 1.046 million over the year.
In addition, farm roles increased by 367,000 over the period, with 26.5 per cent of the country's total labor force working in the agricultural sector, 47.2 per cent in services, 18.9 per cent in
industry
and 7.5 per cent in
construction
.
Posted by Alex Donnell
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