Turkey ranks second among OECD to reduce unemployment rate

Turkey has reduced unemployment rate the most with 2.5 percent among OECD countries between 2010 and 2012, according to the data compiled by Anadolu Agency.

Hence, unemployment rate reduced from 10.7 percent in 2010 to 8.8 percent in 2011 to 8.2 percent in 2012. 

Turkey also outperformed USA and Germany in reducing unemployment.

Estonia ranked first in reducing unemplyment rate 5.8 percent while unemployment rates increased the most in Greece due to public debt with 11.7 percent since 2010.

Unemployment rate increased 1.3 percent in the Euro area and 0.8 percent in the European Union in the same term.

Unemployment rates for OECD states for 2010, 2011 and 2012 are as below;