Labor Market Outlook: June 2016


Seyfettin Gürsel, Gökçe Uysal and Melike Kökkızıl

Seasonally adjusted labor market data shows that nonagricultural unemployment rate decreased from 11.8 percent to 11.5 percent (0.3 percentage points) in the period of March 2016 compared to the previous period. Betam’s forecasting model had predicted a 0.1 percent decrease for this period. We expect that the nonagricultural unemployment will continue to decline in the period of April 2016. In March 2016, increases in both non-agricultural labor force and non-agricultural employment strengthened. In addition, employment in manufacturing, construction and services increased by 19 thousand, 42 thousand and 140 thousand, respectively. In parallel, non-agricultural unemployment decreased. In this period, increases in the male labor force exceeded those in the female labor force and respective increases in employment were recorded at the same levels. Hence, female (male) unemployed decreased (slightly increased), annually.

doc. LaborOutlook2016M06

pdf. LaborOutlook2016M06