RAPID INCREASE IN NON-AGRICULTURAL UNEMPLOYMENT CONTINUES
Seyfettin Gürsel and Ayşenur Acar
Seasonally adjusted labor market data shows that non-agricultural unemployment rate increased by 0.5 percentage points in the period of July 2014 compared to the period of June 2014, and reached 12.5 percent. Slight increase in non-agricultural employment was not enough to offset the strong increase in non-agricultural labor force. We observe a stagnation in construction employment. Employment losses in manufacturing sector were counterbalanced with the employment increases in service sector. Our forecasting model based on Kariyer.net series indicate that non-agricultural unemployment will continue to increase in the next period.
doc. LaborOutlook2014M10
pdf. LaborOutlook2014M10