Labor Market Outlook: December 2022


Seyfettin Gürsel, Hamza Mutluay, Mehmet Cem Şahin

Since the number of unemployed persons increased by 57 thousand and the number of employed persons increased by 229 thousand, the labor force grew by 286 thousand. As a result, the unemployment rate increased by 0.1 pp to 10.2% from September to October.

The seasonally adjusted female unemployment rate increased by 0.5 pp to 13.3%, as female employment and unemployment rose by 81 and 72 thousand, respectively. As for males, the seasonally adjusted unemployment rate decreased by 0.1 pp to 8.6% following the decrease in male unemployment by 16 thousand and the increase in the number of employed by 148 thousand. The female and male labor force increased by 154 and 133 thousand, respectively. Following these developments, the gender gap in the unemployment rates of females and males rose by 0.6 pp to 4.7%.

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