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Labor Market Outlook: March 2020

DROP IN EMPLOYMENT AND LABOR FORCE RESULTED IN LIMITED DECREASE IN UNEMPLOYMENT

Seyfettin Gürsel, Mehmet Cem Şahin

Seasonally adjusted labor market data shows that in the period of December 2019, non-agricultural unemployment rate turned out to be 15.3 percent, with 0.1 percentage point decrease compared to November 2019. In this period, non-agricultural employment decreased by 40 thousand while non-agricultural labor force decreased by 80 thousand. According to sectorial data, employment losses occurred in all sectors except construction. While construction employment increased by 25 thousand, manufacturing employment and services employment decreased by 59 thousand and 6 thousand, respectively. Based on the seasonally adjusted data, while male non-agricultural unemployment rate continued to decrease, female non-agricultural unemployment rate remained unchanged.

doc. LaborMarketOutlook2020M03

pdf. LaborMarketOutlook2020M03

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