The countries of Europe and Central Asia have struggled to create jobs even before the 2008-2009 global financial crisis. By contrast, Turkey has done remarkably well. The presentation focused on the reasons for Turkey’s good performance and the lessons that could be learned for other countries. At the same time, a closer look at the labor market in Europe and Central Asia reveals that Turkey shares a number of challenges with its regional peers in sustain the creation of good jobs into the future.
“Turkey’s labor market performance after the crisis has been remarkable. From 2009-2012 the country created some 3.5 million jobs while employment in the European Union fell by 2 million during the same period. While Turkey’s demographic and structural dynamics are different from the majority of European countries, others can still learn from Turkey’s experience and policies, while Turkey can benefit from preparing in time for the future challenge of aging”, said Martin Raiser, the World Bank Country Director.
According to Rebekka Grun, lead author of the Turkey jobs study, “Policies that facilitated labor reallocation and targeted reductions in labor costs have been instrumental in the fast creation of good jobs in Turkey. Looking forward, further reforms that support the development of a competitive and flexible labor market will be critical for ensuring that this trend continues but also that the process supports the inclusion of important groups such as women and youth.”
The World Bank’s regional jobs report finds that only 52 out of every 100 working-age people in Europe and Central Asia are employed currently. And what’s more, up to 60 percent of the unemployed have been searching for jobs one for more than a year. According to the report, to address the jobs challenge in the region, policy makers need to regain the pre-crisis momentum of reforms towards modern market economies, and reckon with the distinct demographic pressures of the rapid aging of the population in most European countries and the large number of youth entering the labor market in Turkey and Central Asian countries.
Chosen excerpts by Job Market Monitor. Read the whole story at
via Turkey’s labor market performance after the crisis has been remarkable- Source.
Related Posts
Women in Turkey / Employment on the rise in urban areas
Some 1.5 million new jobs have been created in the last four years for women in non-agricultural sectors in urban areas, according to an employment report released by the Economic Policy Research Foundation of Turkey (TEPAV) yesterday. While some 3.4 million women worked in non-agricultural sectors in June 2009, this number increased to around 4.9 … Continue reading »
Turkey / Reverse brain drain accelerates minister says
The number of Turkish researchers living abroad who applied to the science scholarship program to return to the country keeps rising, Technology Minister Nihat Ergün has said. The Scientific and Technical Research Council of Turkey (TÜBİTAK) launched a research fellowship program targeting Turks living abroad to entice them back home. Ergün said 117 researchers applied … Continue reading »
Turkey / The highest NEET ratio among OECD
Turkey has the highest proportion of young people neither in employment nor in Education or training (NEETs) among Organization for Economic Cooperation and Development countries, according to the OECD Continue reading »
Turkey / The worst employment numbers among all OECD countries
The worst employment numbers are in Turkey among all OECD countries, according to a new survey of the organization. Employment levels are lowest in Turkey (48 percent), Greece (56 percent) and Hungary (56 percent) while are highest in Iceland (79 percent), Switzerland (79 percent) and Norway (75 percent). Nearly 66 percent of the working-age population aged 15 … Continue reading »
Job Market Monitor 
Discussion
Trackbacks/Pingbacks
Pingback: Turkey – Employment has increased by 23 pct since 2008 | Economy | Worldbulletin News | Job Market Monitor - March 3, 2014
Pingback: Turkey – Employment has increased by 23 pct since 2008 | Job Market Monitor - March 3, 2014