Labor Market Outlook: September 2012

LOW GDP GROWTH RATE HAS NOT AFFECTED EMPLOYMENT YET

Seyfettin Gürsel, Gökçe Uysal and Ayşenur Acar

Seasonally adjusted labor market data shows that non-agricultural unemployment rate decreased from 11.2 percent to 11 percent in the period of June 2012. There is a decline in non-agricultural unemployment which had remained stagnant for a long time. However, we observe that the decrease in unemployment rates is slowing down parallel to slower growth rates. The data released by the Kariyer.Net indicates that the non-agricultural unemployment may increase slightly in the period of July.

doc. LaborOutlook2012M09

pdf. LaborOutlook2012M09