EMPLOYMENT IN SERVICES SECTOR SLUMPS
Seyfettin Gürsel, Hamza Mutluay, Mehmet Cem Şahin
The increase in the number of unemployed persons by 11 thousand as opposed to the decrease in the employment level by 14 thousand reduced the labor force by 4 thousand. As a result, the unemployment rate remained at 12.1%. There was a decrease in the labor force in contrast to the high increase in the last month. The employment level fell after the increases in the last two months. According to the sectorial data, the employment levels in all the sectors except for the services sector increased. The employment level in the services sector sharply declined by 341 thousand. The employment levels in the manufacturing and construction sectors rose by 217 thousand and 83 thousand, respectively. The employment level in the agriculture increased by 26 thousand.
Seasonally adjusted female unemployment rate rose by 0.5 percentage points (pp) to 15% as a result of a severe loss about 225 thousand in employment. On the other hand, seasonally adjusted male unemployment rate reduced by 0.2 pp to 10.8% because of the rises in the employment and labor force by 193 thousand and 211 thousand, respectively. In this period, employment levels and labor forces of female and male decoupled. The gender gap increased by 0.7 pp to 4.2%.
doc. LaborMarketOutlook2021M10