Labor Market Outlook: May 2019

UNEMPLOYMENT RISES FOLLOWING A REMARKABLE INCREASE IN LABOR FORCE

Seyfettin Gürsel, Gokce Uysal and Yazgı Genç

Seasonally adjusted labor market data shows that, in the period of February 2019, non-agricultural unemployment rate increased by 0.3 percentage points and reached 15.8 percent. In this period, losses in non-agricultural employment stopped and employment increased. However, the non-agricultural labor force which had decreased in the last three periods, increased as well. As such, the number of unemployed reached 4.3 million. In manufacturing, employment losses were limited to 4 thousand, losses continued in construction, and employment increased in services. Parallel to the acceleration in female labor force participation, the gender gap in non-agricultural unemployment widened.

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