Labor Market Outlook: December 2021


Seyfettin Gürsel, Hamza Mutluay, Mehmet Cem Şahin

The number of unemployed persons decreased by 75 thousand a long with an increase of 180 thousand in employment and the labor force rose by 105 thousand by consequence. As a result, the unemployment rate decreased by 0.2 percentage points (pp) MoM to 11.2%. Both the labor force and the employment level continued to rise in October. According to the sectorial data, the employment levels in the agricultural and the services sectors increased, the employment levels in the construction and the industrial sectors declined. The employment levels in the agricultural and the services sectors increased by 33 thousand and 211 thousand, respectively. In October, the services sector drove the rise in employment. The employment levels in the industrial and construction sectors declined by 58 thousand and 4 thousand, respectively.

Seasonally adjusted female unemployment rate decreased by 0.5 pp MoM to 13.8% as a result of the increases in the female employment and female labor force by 139 thousand and 99 thousand, respectively. On the other hand, seasonally adjusted male unemployment rate decreased by 0.1 pp to 9.9% following the moderate rise in the employment by 40 thousand.

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