Labor Market Outlook: November 2019

PAUSE IN UNEMPLOYMENT INCREASE, EMPLOYMENT LOSSES IN INDUSTRY AND CONSTRUCTION

Seyfettin Gürsel, Hamza Mutluay

Seasonally adjusted labor market data shows that, in the period of August 2019, non-agricultural unemployment rate turned out to be 16.6 percent, with 0.1 point decrease compared to July 2019. In this period, non-agricultural employment increased by 69 thousand and non-agricultural labor force increased by 50 thousand. According to sectorial data, the only sector showing increase in employment with 141 thousand is services, and the sector showing the most significant decrease with 49 thousand is industry. While agricultural employment decreased by 3 thousand, construction lost 24 thousand workers. Based on the seasonally adjusted data, male employment had a net loss in employment for the 12th consecutive period and female employment increased by 25 thousand.  Apparently, the decreases in male employment is affected by the losses in construction employment.

doc. LaborMarketOutlook2019M11

pdf. LaborMarketOutlook2019M11