Labor Market Outlook: November 2011

SHARP DECLINE IN UNEMPLOYMENT

Seyfettin Gursel, Gokce Uysal and Aysenur Acar

According to the labor market statistics released by TurkStat, non-agricultural unemployment rate fell by 2.6 percentage points to 11.9 percent in the period of August 2011 compared to previous year. Seasonally adjusted labor market data shows that non-agricultural unemployment rate fell 0.5 percentage poinst and decreased from 12.6 percent in July to 12.1 percent compared to August. Reasons behind the sharp decline are the decline in seasonally adjusted non-agricultural labor force and the increase in non-agricultural employment. As for sectoral data, manufacturing employment decreased, agricultural and construction employment increased considerably in this period.

doc. LaborOutlook2011M11

pdf. LaborOutlook2011M11