LABOR MARKET RETURNS TO NORMAL

Seyfettin Gürsel, Gökçe Uysal and Ayşenur Acar

According to the labor market statistics released by TurkStat, non-agricultural employment increased by 1 million 43 thousand on a year-on-year basis, while non-agricultural unemployment rate decreased from 14.9 percent to 12.5 percent. Seasonally adjusted labor market data show that non-agricultural labor force reached 17 million 808 thousand and non-agricultural unemployment rate did not change much (12.9 percent) compared to the period of March 2011. Both the labor force and non-agricultural employment increased considerably in this period. Hence, unemployment rate increased only slightly. Developments in service sector induced to increase in non-agricultural employment.

doc. ResearchBrief119

pdf. ResearchBrief119