Labor Market Outlook : December 2019

DECREASE IN UNEMPLOYMENT AND LABOR FORCE

Seyfettin Gürsel, Mehmet Cem Şahin

Seasonally adjusted labor market data shows that, in the period of September 2019, non-agricultural unemployment rate turned out to be 16.3 percent, with 0.2 percentage point decrease compared to August 2019. In this period, non-agricultural employment increased by 29 thousand and non-agricultural labor force decreased by 31 thousand. According to sectorial data, the only sector showing decrease in employment is manufacturing, and the sector showing the most significant (31 thousand) increase in employment is services. In this period, agricultural employment increased by 7 thousand and construction employment by 2 thousand. The amount of employment loss in manufacturing sector turned out to be 5 thousand. Based on the seasonally adjusted data, male employment reversed its continuous decline since August 2018, by an increase of 28 thousand, and female employment decreased slightly by 7 thousand.

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