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IMPACT OF CORONAVIRUS PANDEMIC ON LABOR MARKET: WHAT THE LEADING INDICATORS SAY

Seyfettin Gürsel, Mehmet Cem Şahin

The Covid-19 Pandemic started to affect Turkey by the mid of March. While the measures aiming to confine the outbreak suspended many economic branches, income losses both at the global and country level inflicted a heavy blow to the demand of many goods and services. Under these circumstances, high employment losses and a spike in the unemployment rate are inevitable. Unfortunately, we will learn the full scope of these effects when the Household Labor Force Survey (HLFS) for March will be released on the 10th of June. Instead of waiting the HLFS, in this research brief, we share our first impressions on the developments in the Turkish labor market in April by using vacant jobs, job placements and labor demand series obtained from Turkish Employment Agency (İŞKUR) and Kariyer.net. Not surprisingly, these leading indicators suggest a great collapse both in the aggregate and in the sectorial level.

doc. ResearchBrief250

pdf. ResearchBrief250

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