Labor Market Outlook: October 2015

NONAGRICULTURAL UNEMPLOYMENT DECREASED IN JULY 2015

Seyfettin Gürsel, Gökçe Uysal and Mine Durmaz

Seasonally adjusted labor market data shows that, compared to the previous period, nonagricultural unemployment rate increased from 12.6 percent to 12.4 percent (0.2 percentage points) in the period of July 2015. Employment decreased by 44 thousand in manufacturing while employment increased by 53 thousand and 74 thousand in construction and services respectively. Betam’s forecasting model predicts that seasonally adjusted nonagricultural unemployment rate will increase in next period.

doc. LaborOutlook2015M10

pdf. LaborOutlook2015M10