Browsing: Unemployment

Macro View
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Turkish Labor Market: The Lean Times

Turkish statistics office released December 2016 jobs report which suggested that the unemployment rate at 12.7% hit a 7-year high as well as a seasonally adjusted figure at 12%. More importantly, the number of unemployed people stood at 3.87 million which was the higher figure…

Macro View
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August Job Report: Confirming Weakness

The unemployment rate in Turkey rose by 1.2 percentage points y/y to 11.3% while the non-farm unemployment rate climbed to 13.7%. This August job report marked another step in deceleration pace of the economy. Partly due to the purge following the coup attempt and struggling…

Macro View
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Turkey: February Job Report

Good News or Bad News Labor market data for February 2016 was released early this week. The unemployment rate was down 20 basis points on monthly basis to 10.9% according to the official figures. The employment rate also saw a pick-up and stood at 45.3%…

Macro View
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Q4 2015 GDP: Robust but Vulnerable

At 4 percent, Turkey GDP’s growth rate remained robust despite a challenging year, primarily driven by strong private and public consumption, and higher gross fixed capital formation in the public sector. In 4Q 2015, the economy expanded by 5.7% y/y comparing favorably with consensus of…

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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Jobless Growth is What’s Next for Turkey?

Today Stats Office reported an unemployment rate of 9.9% in September, slightly lower than the 10% threshold. A rate of workforce without job about to reach a 2-digit number is consequently worrisome for the economy but unnatural when the output measured in terms of GDP…

Macro View
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Economic Growth Fails to Create Jobs

Today Turkish Statistics Office reported a monthly unemployment rate of 9.8% in August, which was higher than market consensus. The rate was at 9.3% in July. Elsewhere, non-farm unemployment rate jumped to 12.3% from 11.8%, while the labor force participation rate dropped by  0.1 pp…