THE REVERSAL IN THE FOUR-MONTH-LONG DECLINE IN THE UNEMPLOYMENT RATE
Seyfettin Gürsel, Hamza Mutluay, Mehmet Cem Şahin
Since the number of employed persons decreased by 54 thousand and the number of unemployed persons decreased by 120 thousand, the labor force increased by 67 thousand from August to September. As a result, the unemployment rate increased by 0.3 pp to 10.1%.
The seasonally adjusted female unemployment rate increased by 0.2 pp to 12.8% from August to September, as female employment and unemployment rose by 9 and 27 thousand, respectively. As for males, the seasonally adjusted unemployment rate went up by 0.4 pp to 8.8% following the decrease in male employment by 63 thousand and the increase in the number of unemployed males by 94 thousand. Consequently, the female and male labor force increased by 36 and 31 thousand, respectively. Following these developments, the gender gap in the unemployment rates of females and males receded by 0.2 pp to 4.0%.
doc. LaborMarketOutlook2022M11