EMPLOYMENT LOSS IN MANUFACTURING, DECREASE IN LABOR FORCE
Seyfettin Gürsel, Gökçe Uysal and Mine Durmaz
Seasonally adjusted labor market data shows that, nonagricultural unemployment rate decreased from 12.4 percent to 12.3 percent (0.1 percentage points) the period of November 2015 compared to the previous period. Reduction in nonagricultural unemployment resulted from the decrease in nonagricultural labor force. In this period, employment in manufacturing decreased by 42 thousand in manufacturing, by only 3 thousand in construction and by 60 thousand in services. Betam’s forecasting model predicts that seasonally adjusted nonagricultural unemployment rate will decrease from 12.3 percent to 12.2 percent (0.1 percentage points).
doc. LaborOutlook2016M03
pdf. LaborOutlook2016M03