Labor Market Outlook: November 2014


Seyfettin Gürsel , Zümrüt İmamoğlu and Ayşenur Acar

Seasonally adjusted labor market data shows that non-agricultural unemployment rate decreased by 0.1 percentage point in the period of August 2014 compared to the period of July 2014, and reached 12.4 percent. Non-agricultural employment increased much more than the non-agricultural labor force, hence non-agricultural unemployment decreased. Increase in non-agricultural employment was due to the increase in manufacturing employment that has been decreasing for a while and the increase in construction employment that has been stagnating. Employment in service sector continues to increase slightly. Consequently, we observe a slight decline in non-agricultural unemployment. Increases in employment are line with economic recovery in the third quarter of 2014. We expect that non-agricultural unemployment will stagnate in the next period.

doc. LaborOutlook2014M11

pdf. LaborOutlook2014M11