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INCREASE IN UNEMPLOYMENT CONTINUES

Seyfettin Gürsel, Gokce Uysal  and Yazgi Genc

Seasonally adjusted labor market data shows that in the period of October 2018, non-agricultural unemployment rate increased by 0.2 percentage points and reached 13.5 percent. In this period, the higher increase in non-agricultural labor force compared to the increase in non-agricultural employment caused a sizable increase in the non-agricultural unemployment. In the period of October 2018, employment losses were recorded in manufacturing and construction while employment increased in agriculture and services. Employment decreased by 2 thousand in manufacturing, 26 thousand in construction and increased by 53 thousand in services. While non-agricultural male unemployment rate rose by 0.4 percentage points, non-agricultural female unemployment rate decreased by 0.1 percentage points in October 2018. Betam’s forecasting model predicts that the non-agricultural unemployment will increase to 13.7 percent in the period of November 2018.

doc. LaborMarketOutlook2019M01

pdf. LaborMarketOutlook2019M01

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