Labor Market Outlook: February 2015

SLIGHT INCREASE IN NONAGRICULTURAL UNEMPLOYMENT

Seyfettin Gürsel, Gökçe Uysal and Mine Durmaz

Seasonally adjusted labor market data shows that nonagricultural unemployment rate has reached 12.8 percent, increasing by 0.1 percentage points in the period of November 2014 compared to the period of October 2014. During last three months, nonagricultural unemployment rate has stagnated at the level of 12.8 percent. In the period of November 2014, employment in manufacturing sector decreased by 80 thousand and employment in services and in construction expanded by 50 and 46 thousand, respectively. According to Betam forecasting model based on Kariyer.net data, nonagricultural unemployment rate will remain constant in the period of December 2014.

doc. LaborOutlook2015M02

pdf. LaborOutlook2015M02