Browsing: Labor Market

Macro View
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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…

Macro View
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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…

Macro View
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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…

Macro View
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Is Productivity in Decline?

In the years since the global financial crisis many economies have face slower expansions in some key components of potential output growth, and following that, lower potential growth has emerging as a new reality for the global economy. In advanced economies it has been driven…

Macro View
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June Jobs Report: Not Encouraging

Turkey’s unemployment rate rose to 9.6% of the labor force in June from 9.3% a month earlier as the non-agricultural employment rate stood at 11.7%. That said seasonally adjusted data suggested a rise in the number of people without a job increasing the unemployment rate…

Macro View
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Which Industries Create Most Jobs in Turkey

The day before I posted this article Turkey’s Finance Minister Mehmet Simsek had been complaining that state is growing in Turkey by giving the number of people employed in public utilities. Surprisingly he had been criticizing employment policies, and consequently the government while changes in…