Posts Tagged Labor Market
Service Jobs: Structural Headwind?

Service Jobs: Structural Headwind?

One of the key issues the world economy faces today is declining productivity. At this juncture, Turkey seems to be obliged to deal with a structural headwind stemming from its weakness labor market of which dynamics have changed radically. As this is the case in advanced economies, particularly in the U.S., services jobs now have a larger share in employment while manufacturing has had a percentage shrinking over the past decade (see June Jobs Report: Not Encouraging).

As of the end...

Why Core Inflation Will Stay High?

Why Core Inflation Will Stay High?

Turkish central bank has been failed to use its monetary policy tools to maintain low inflation. The headline inflation rate has been extremely volatile due to fluctuating food prices, while core inflation has remained stubbornly above the target rate of 5% over the past five years. Recently, Turkish economy has seen a glimmer of hope for inflation as annual CPI growth has lowered to 6.6% by 300 basis points in May from 9.6% in January, mostly driven by...

Labor Market in Southeastern Turkey

Labor Market in Southeastern Turkey

The link between extremism and unemployment has been a long-standing debate. Some sees the deterioration in the labor markets as one of the major causes behind the spread of terrorism and extremism worldwide, while the opponents argue that the idea of poverty causing terrorism is an utterly unscientific, and people who stubbornly clings to this idea, just wants to believe that they hold the key to terrorism in their own hands. Sociologists surely keep discussing for a longer...

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