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Labor Market Outlook: August 2019


Seyfettin Gürsel, Hamza Mutluay

Seasonally adjusted labor market data shows that, in the period of May 2019, non-agricultural unemployment increased by 0.2 points to 16.2 percent. In this period, non-agricultural employment decreased by 112 thousand and non-agricultural labor force decreased by 68 thousand. Reductions in both employment and labor force are remarkable. Sectoral data indicate that employment is decreasing in all sectors, but the most striking decrease is in services. While employment in services decreased by 62 thousand, employment loss in industry was 7 thousand. Employment losses in construction continued and since February 2018, the level of employment loss in construction reached 691 thousand. According to seasonally adjusted labor market data, both labor and employment of women decreased.





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