EMPLOYMENT FELL DUE TO DECREASES IN EMPLOYMENT AND LABOR FORCE
Seyfettin Gürsel, Hamza Mutluay, Mehmet Cem Şahin
Since the number of employed persons decreased by 128 thousand and the number of unemployed persons decreased by 113 thousand, the labor force fell by 262 thousand from June to July. As a result, the unemployment rate decreased by 0.3 pp to 10.1%.
Seasonally adjusted female unemployment rate fell by 0.6 pp to 13.1% from June to July as the female employment rose by 17 thousand while the number of unemployed females decreased by 86 thousand. On the other hand, seasonally adjusted male unemployment rate declined by 0.1 pp to 8.6% following the decrease in male employment by 165 thousand and the decline in the number of unemployed males by 27 thousand. Male labor force decreased by 165 thousand while female labor force declined by 70 thousand. From June to July, female and male labor forces edged down by 0.6% and 0.7%, respectively. These are striking monthly changes. Following these developments, the gender gap in the unemployment rates of females and males receded by 0.5 pp to 4.5%.
doc. LaborMarketOutlook2022M09