Labor Market Outlook: October 2013

REMARKABLE INCREASE IN UNEMPLOYMENT

Seyfettin Gürsel, Gökçe Uysal and Ayşenur Acar

Seasonally adjusted labor market data shows that non-agricultural unemployment rate increased from 12 percent in the period of June 2013 to 12.5 percent in the period of July 2013. We observe strong declines in both manufacturing and construction and a slight increase in service employment. Hence, the increase in non-agricultural employment weakens, failing to compensate for the strong increases in labor force.

doc. LaborOutlook2013M10

pdf. LaborOutlook2013M10