Labor Market Outlook: December 2013

EMPLOYMENT INCREASE SLOWS DOWN DRASTICALLY

Seyfettin Gürsel, Gökçe Uysal and Ayşenur Acar

Seasonally adjusted labor market data shows that non-agricultural unemployment rate remained at 12.6 percent in the period of September 2013. Annual increases in labor force have been slowing down due to a base effect. On the other hand, it is striking that the increase in employment is the lowest observed since the global economic crisis. Manufacturing employment has been decreasing for the last four periods, while employment increases in the service sector seems to have stalled.

doc. LaborOutlook2013M12

pdf. LaborOutlook2013M12