NoNAGRICULTURAL UNEMPLOYMENT RATE DECLINED TO 12.4 PERCENT
Seyfettin Gürsel, Gökçe Uysal and Mine Durmaz
Seasonally adjusted labor market data shows that nonagricultural unemployment rate decreased from 12.5 percent to 12.4 percent (0.1 percentage points) in the period of September 2015 compared to the previous period. Employment in manufacturing increased by 75 thousand in September 2015 for the first time since June 2015. Nonagricultural labor force and nonagricultural employment increased by 176 thousand and 178 thousand respectively and, thus the number of nonagricultural unemployed declined by only 2 thousand in this period. Betam’s forecasting model predicts that seasonally adjusted nonagricultural unemployment rate will remain constant at the level of 12.4 percent in the period of October 2015.
doc. LaborOutlook2015M12
pdf. LaborOutlook2015M12