Labor Market Outlook: April 2017

A BREAK IN THE INCREASE IN UNEMPLOYMENT

Seyfettin Gürsel, Gökçe Uysal , and Mine Durmaz

Seasonally adjusted labor market data show that nonagricultural unemployment rate decreased by 0.1 points and is recorded as 14.1 percent in the period of January 2017.  While the nonagricultural labor force, which had decreased in the previous period, increased by 109 thousand in the period of January 2017, the increase in the nonagricultural employment reached 119 thousand and thus, the number of unemployed people decreased by 10 thousand. The most important reason behind this decrease is a significant increase of 90 thousand in the services sector employment in the period of January 2017 although the services sector employment had decreased in the previous period. Employment increases in industry and construction were limited. Betam’s forecasting model predicts that the non-agricultural unemployment will decline to 14.0 percent in the period of February 2017.

doc.LaborMarketOutlook2017M04

pdf. LaborMarketOutlook2017M04

 

 

 

Labor Market Outlook: March 2017

INCREASE IN UNEMPLOYMENT CONTINUES

Seyfettin Gürsel, Gökçe Uysal  and Selin Köksal

Seasonally adjusted labor market data show that nonagricultural unemployment rate increased by 0.2 points and reached 14.3 percent in the period of December 2016. We observe employment losses in industry and construction in the period of December 2016. The number of people employed in industry and construction decreased by 51 thousand and 28 thousand respectively, whereas the number of people employed in services and agriculture increased by 4 thousand and 39 thousand. In the period of December 2016, the nonagricultural labor force decreased by 28 thousand and declined to 25 million 637 thousand and the number of people employed in non-agricultural sectors decreased by 85 thousand and declined to 21 million 971 thousand. As a result, the number of non-agricultural unemployed increased by 47 thousand and reached 3 million 666 thousand. Betam’s forecasting model predicts that the non-agricultural unemployment will remain increase to 14.4 percent level in the period of January 2017.

doc. LaborMarketOutlook2017M03

pdf. LaborMarketOutlook2017M03