Labor Market Outlook: December 2014

SHARP INCREASE IN NON-AGRICULTURAL UNEMPLOYMENT

Seyfettin Gürsel, Gokce Uysal and Ayşenur Acar

Seasonally adjusted labor market data shows that non-agricultural unemployment rate increased by 0.3 percentage points in the period of September 2014 compared to the period of August 2014, and reached 12.8 percent. Even though employment in non-agricultural sectors increased, the increases could not counterbalance strong increases in non-agricultural labor force. Non-agricultural unemployment increased from 11.3 percent to 12.8 percent in the last year. The largest part of the increase occurred in the second part of 2014.

doc. LaborOutlook2014M12

pdf. LaborOutlook2014M12