NON-AGRICULTURAL UNEMPLOYMENT CONTINUES TO INCREASE RAPIDLY
Seyfettin Gürsel , Zümrüt İmamoğlu and Ayşenur Acar
Seasonally adjusted labor market data shows that non-agricultural unemployment rate increased by 0.5 percentage point in the period of June 2014 compared to the period of May 2014, and reached 12 percent. In this period, we observe employment loses in all sectors, with the exception of the service sector. Employment growth could not counterbalance the increase in labor force, hence non-agricultural unemployment increased in this period. Non-agricultural unemployment rate that has stagnated in the range of 10-11 percent since January 2011, reached 12 percent in this period. Our forecasting model based on Kariyer.net data indicates that non-agricultural unemployment will continue to increase in the next period.
doc. LaborOutlook2014M09
pdf. LaborOutlook2014M09