LIMITED DECREASE IN THE 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 14.0 percent in the period of February 2017. The main reason behind this decrease in the nonagricultural unemployment rate is the increase in employment in both construction and services sectors in the periods of January and February 2017. Betam’s forecasting model predicts that the non-agricultural unemployment will remain constant at 14.0 percent in the period of February 2017. As of February 2017, Betam starts to provide the seasonally adjusted male and female nonagricultural unemployment rates. In this period, the seasonally adjusted nonagricultural male unemployment rate is 12 percent and that for females is 19.4 percent. In the second half of the year of 2016 female unemployment rates soared and thus, the gap between female and male unemployment rates increased. However, starting from January 2017, the difference between the seasonally adjusted nonagricultural unemployment rates has slightly decreased.
doc. LaborMarketOutlook2017M05