Labor Market Outlook: December 2020


Seyfettin Gürsel, Gökçe Uysal, Mehmet Cem Şahin

Seasonally adjusted labor market data shows that in the period of September 2020, non-agricultural unemployment rate is 14.7 percent following a 0.6 percentage point decrease from August 2020. In this period, non-agricultural employment and labor force increased by 263 thousand and by 124 thousand respectively. According to sectoral data, employment increased in all sectors except for agriculture. While employment in the construction sector increased by 15 thousand, employment in the manufacturing and services sectors increased by 57 thousand and 191 thousand, respectively. According to seasonally adjusted data, female non-agricultural employment decreased by 3 thousand and female labor force by 34 thousand. As a result, non-agricultural female unemployment rate decreased by 0.3 percentage points to 18.3 percent. As for male labor force and employment, they increased by 159 thousand and 272 thousand respectively. Thus, non-agricultural male unemployment rate decreased remarkably from 14.0 to 13.3 percent. The existing gender gap in non-agricultural unemployment rate increased by 0.4 percentage points to reach 5.0 percent.

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