DECREASE IN UNEMPLOYMENT CONTINUES
Seyfettin Gürsel, Gökçe Uysal and Yazgı Genç
Seasonally adjusted labor market data show that non-agricultural unemployment rate decreased by 0.1 percentage points in the period of November from October reaching 12.1 percent. In this period, employment increased in the construction and services sector by 35 and 87 thousand respectively while employment did not change in the manufacturing sector. Betam’s forecasting model predicts that the non-agricultural unemployment will decrease to 11.8 percent in the period of December 2017. On the other hand, according to seasonally adjusted labour data, difference in non-agricultural unemployment rate by gender decreased. From November 2016 to November 2017, the unemployment rate of female decreased by 2.8 percentage points reaching 17.3 percent and the rate for males decreased by 1.6 percentage points and reached 9.8 percent.