REVISION IN THE UNEMPLOYMENT SERIES
Seyfettin Gürsel, Gökçe Uysal and Ayşenur Acar
Seasonally adjusted labor market data shows that non-agricultural unemployment rate decreased from 11.1 percent to 11.0 percent in the period of February 2014. We observed strong increases in both non-agricultural labor force and employment in this period. Seasonally adjusted labor market series show that employment increased in all sectors. Employment increases in manufacturing and construction sectors are especially interesting. On the other hand, key revisions in definitions of labor market series made by TurkStat have caused jumps in the series. Hence, in the next few periods, labor market series should be treated with caution.
doc. LaborOutlook2014M05
pdf. LaborOutlook2014M05