Seyfettin Gürsel and Gokçe Uysal
According to the labor market statistics released by TurkStat on the 16th of August, non-agricultural employment has increased by 1 million 177 thousand and non-agricultural labor force by 648 thousand in the period of May 2010 (April-May-June). Hence, employment in the non-agricultural sectors reached 17 million 224 thousand, which implies a 7.3 percent increase and is compatible with the two digit growth rate. Parallel to increases in employment and labor force, non-agricultural unemployment decreased by 529 thousand on year on year basis (Figure 1).[1] Hence, the non-agricultural unemployment rate decreased to 13.8 percent in May 2010 period from 17 percent in May 2009 period. Note that this ratio was 11.5 percent in May 2008 prior to the crisis.
[1] Note that non-agricultural unemployment decreased by 547 thousand on year on year basis in April 2010.
doc. ResearchBrief084
pdf. ResearchBrief084