STORY: Türkiye's unemployment rate at lowest level in 11 years
SHOOTING TIME: Earlier footage
DATELINE: Dec. 12, 2023
LENGTH: 00:01:15
LOCATION: Ankara
CATEGORY: ECONOMY

SHOTLIST:
1. various of a textile factory and employees in Türkiye (shooting date: Nov. 13, 2023) (courtesy of ihlas news agency)
2. various of construction workers in Türkiye (shooting date: Nov. 25, 2023) (courtesy of ihlas news agency)
3. various of a bread factory and employees in Türkiye (shooting date: July 3, 2023) (courtesy of Ankara Municipality)
4. various of a textile factory and employees in Türkiye (shooting date: Dec. 7, 2023) (courtesy of ihlas news agency)

STORYLINE:

The jobless rate in Türkiye was 8.5 percent in October, the lowest level since November 2012 when it was 8.4 percent, the Turkish Statistical Institute said on Monday.
   
The number of unemployed people, aged 15 years old and over, dropped by 163,000 to 2.96 million year-on-year in November, it said, adding the unemployment rate dropped by 0.5 percentage points on a monthly basis.
   
Meanwhile, the number of employed persons rose by 246,000 to 31.8 million in October, compared to the previous month.
   
Earlier, the country's statistical office announced the economy grew 5.9 percent year-on-year in the third quarter of 2023.
   
It is the 13th consecutive quarter of economic growth since the second quarter of 2020 when measures to contain the spread of the COVID-19 pandemic were implemented.
   
The Turkish central bank increased its policy rate by 500 basis points to 40 percent in late November to curb the lira's devaluation and tame the persistent inflation, which climbed to 61.36 percent in October.

Xinhua News Agency correspondents reporting from Ankara.
(XHTV)