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

 

 

 

About Betam

Comments are closed.