THE LABOR MARKET TAKES A HIT AS THE PANDEMIC INTENSIFIES
Seyfettin Gürsel, Gökçe Uysal, Mehmet Cem Şahin
Seasonally adjusted labor market data show that in the period of November 2020, compared to the period of October 2020, non-agricultural unemployment rate remained at 14.9 percent. In this period, while the non-agricultural employment increased by 38 thousand, the labor force increased by 45 thousand. According to the sectoral data, employment decreased in all sectors except for manufacturing. While employment in the manufacturing sector increased by 83 thousand, employment in the construction and services sectors decreased by 6 thousand and 38 thousand respectively. According to seasonally adjusted data, while female non-agricultural employment and labor force increased by 41 thousand and 23 thousand respectively, male non-agricultural employment and labor force decreased by 5 thousand and 13 thousand respectively. As a result, the non-agricultural female unemployment rate went down to 18.0 percent, and the non-agricultural male unemployment rate remained constant at 13.5 percent. The gender gap in non-agricultural unemployment rate is currently 4.5 percent.
doc. LaborMarketOutlook2021M02