Labor Market Outlook: May 2015

SLOW DECREASE IN NONAGRICULTURAL UNEMPLOYMENT CONTINUES

Seyfettin Gürsel, Gökçe Uysal and Melike Kökkızıl

Seasonally adjusted labor market data shows that nonagricultural unemployment rate decreased from 12.3 percent to 12.2 percent (0.1 percentage points) in the period of February 2015 compared to the previous period. Nonagricultural labor force and employment increased by 58 thousand and 75 thousand, respectively. The increase in nonagricultural employment stems from a 118 thousand monthly increase in services employment. In this period, increase in manufacturing employment has been limited to 2 thousand and employment in the construction sector declined by 45 thousand.

doc. LaborOutlook2015M05

pdf. LaborOutlook2015M05