Labor Market Outlook: February 2020

INCREASE IN MANUFACTURING EMPLOYMENT COMBINED WITH DECREASE IN LABOR FORCE PARTICIPATION CAUSED SIZABLE DROP IN UNEMPLOYMENT

Seyfettin Gürsel, Mehmet Cem Şahin

Seasonally adjusted labor market data shows that in the period of November 2019, non-agricultural unemployment rate turned out to be 15.5 percent, with 0.3 percentage point decrease compared to October 2019. In this period, non-agricultural employment increased by 75 thousand while non-agricultural labor force decreased by 9 thousand. According to sectorial data, while agriculture and manufacturing employment increased, losses occurred in construction and services. Manufacturing employment increased by 92 thousand, while construction and services employment decreased by 10 thousand and 8 thousand, respectively. Based on the seasonally adjusted data, male non-agricultural employment increased by 101 thousand and female non-agricultural employment decreased by 38 thousand.

doc. LaborMarketOutlook2020M02

pdf. LaborMarketOutlook2020M02