labor force – Muhasebe News https://www.muhasebenews.com Muhasebe News Mon, 17 Apr 2023 07:22:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Australia’s unemployment rate remains near a 50-year low; remains at 3.5% in March https://www.muhasebenews.com/en/australias-unemployment-rate-remains-near-a-50-year-low-remains-at-3-5-in-march/ https://www.muhasebenews.com/en/australias-unemployment-rate-remains-near-a-50-year-low-remains-at-3-5-in-march/#respond Mon, 17 Apr 2023 07:22:35 +0000 https://www.muhasebenews.com/?p=141759

The seasonally adjusted unemployment rate remained at 3.5 per cent in March, according to data released today by the Australian Bureau of Statistics (ABS).

Lauren Ford, ABS head of labour statistics said: “with employment increasing by around 53,000 people, and the number of unemployed decreasing by 1,600 people, the unemployment rate remained at a near 50-year low of 3.5 per cent.”

“In line with the increase in employment, the employment-to-population ratio increased 0.1 percentage point to 64.4 per cent, with the participation rate remaining at 66.7 per cent. Both indicators were close to their historical highs in November 2022, reflecting a tight labour market and explaining why employers are finding it hard to fill the high number of job vacancies.”

“With consecutive months of strong growth in female employment (up 81,000 over the past two months), the female participation rate increased to a record high of 62.5 per cent, and their employment-to-population ratio also hit a historical high of 60.4 per cent,” Ms Ford said.

Hours worked

Seasonally adjusted monthly hours worked fell by 0.2 per cent in March 2023, following the strong 3.8 per cent increase in February, and also continued to reflect a tight labour market.

“Over the past 12 months, hours worked has increased 5.5 per cent, outpacing the 3.3 per cent increase in employment. Since March 2020, hours worked have increased 8.4 per cent, compared to a 7.0 per cent increase in employment.

“The strength in hours worked relative to employment shows the high level of demand for labour, to some extent, is being absorbed by people working more hours,” Ms Ford said.

Unemployment rate remains at 3.5% in March

The seasonally adjusted unemployment rate remained at 3.5 per cent in March, according to data released today by the Australian Bureau of Statistics (ABS).

Lauren Ford, ABS head of labour statistics said: “with employment increasing by around 53,000 people, and the number of unemployed decreasing by 1,600 people, the unemployment rate remained at a near 50-year low of 3.5 per cent.”

“In line with the increase in employment, the employment-to-population ratio increased 0.1 percentage point to 64.4 per cent, with the participation rate remaining at 66.7 per cent. Both indicators were close to their historical highs in November 2022, reflecting a tight labour market and explaining why employers are finding it hard to fill the high number of job vacancies.”

“With consecutive months of strong growth in female employment (up 81,000 over the past two months), the female participation rate increased to a record high of 62.5 per cent, and their employment-to-population ratio also hit a historical high of 60.4 per cent,” Ms Ford said.

Hours worked

Seasonally adjusted monthly hours worked fell by 0.2 per cent in March 2023, following the strong 3.8 per cent increase in February, and also continued to reflect a tight labour market.

“Over the past 12 months, hours worked has increased 5.5 per cent, outpacing the 3.3 per cent increase in employment. Since March 2020, hours worked have increased 8.4 per cent, compared to a 7.0 per cent increase in employment.

“The strength in hours worked relative to employment shows the high level of demand for labour, to some extent, is being absorbed by people working more hours,” Ms Ford said.


End of interactive chart.

Source: Labour Force, Australia Tables 1 and 19

Underemployment and underutilisation

The seasonally adjusted underemployment rate rose 0.4 percentage points to 6.2 per cent, following the 0.3 percentage points decrease in February.

“The underemployment rate continues to be low in historic terms, being 2.5 percentage points lower than before the pandemic. This continues to be underpinned by consistently faster growth in hours worked,” Ms Ford said.

The underutilisation rate, which combines the unemployment and underemployment rates, rose 0.4 percentage points to 9.7 per cent, but remained 4.2 percentage points lower than in March 2020.

Underlying trend data

Trend employment increased by 31,700 people (0.2 per cent) in March 2023, and trend monthly hours worked increased 0.2 per cent.

“The latest monthly percentage increase in trend employment was slightly higher than the monthly average increase for the 20 years before the pandemic,” Ms Ford said.

“However, the latest monthly percentage increase in trend hours worked was almost twice the longer-term average, consistent with the relative strength in hours worked over the past year.”

In line with the stronger increase in hours worked, most of the recent net employment growth has been in full-time employment, resulting in a higher share of full-time employment than there was pre-pandemic.

“Around 68.2 per cent of employed people were full-time workers just prior to the pandemic, with this share having generally trended down over the decades through to 2017. It has now increased to 70.1 per cent in March 2023, around where it was a decade ago,” Ms Ford said.

The trend unemployment rate remained at 3.5 per cent for the eighth consecutive month, while the trend underemployment rate rose slightly to 6.1 per cent.

The trend participation rate rose less than 0.1 percentage point to 66.8 per cent, the highest rate in the trend series.

The trend employment to population ratio remained at 64.4 per cent for the eight consecutive month.

“In trend terms, the elevated employment-to-population ratio and participation rate, along with the low unemployment and underemployment rates, all point to a consistently tight labour market,” Ms Ford said.

Source: Australian Bureau of Statistics
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]]> https://www.muhasebenews.com/en/australias-unemployment-rate-remains-near-a-50-year-low-remains-at-3-5-in-march/feed/ 0 Upward trend on the labour market in Germany continues at slightly slower pace https://www.muhasebenews.com/en/upward-trend-on-the-labour-market-in-germany-continues-at-slightly-slower-pace/ https://www.muhasebenews.com/en/upward-trend-on-the-labour-market-in-germany-continues-at-slightly-slower-pace/#respond Mon, 03 Apr 2023 08:25:42 +0000 https://www.muhasebenews.com/?p=141144 Persons in employment resident in Germany, February 2023
+0.1% on the previous month (seasonally adjusted)
+0.1% on the previous month (not seasonally adjusted)
+0.9% on the same month a year earlier

Roughly 45.5 million persons resident in Germany were in employment in February 2023. The seasonally adjusted number of persons in employment continued to rise on the previous month, by 31,000 or +0.1%, according to provisional calculations of the Federal Statistical Office (Destatis). In January 2023, there was a slightly larger month-on-month increase in the seasonally adjusted number of persons in employment by 73,000 (+0.2%).

Without seasonal adjustment, the number of persons in employment increased to a similar extent (+34,000 people or +0.1%) in February 2023 on January 2023. The increase was less pronounced than compared with the February average of the three pre-crisis years 2017 to 2019 (+63,000 people).

Unemployment rate at 3.0% in February 2023

According to results of the labour force survey, 1.32 million people were unemployed in February 2023. That was a decrease of 79,000, or 5.6%, compared with February 2022. The unemployment rate was 3.0% (February 2022: 3.2%).

Adjusted for seasonal and irregular effects, the number of unemployed stood at 1.29 million, which was a decline on January 2023 (-14,700 people, -1.1%). The adjusted unemployment rate was 2.9% in February 2023.

Source: DESTATIS
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]]> https://www.muhasebenews.com/en/upward-trend-on-the-labour-market-in-germany-continues-at-slightly-slower-pace/feed/ 0 Unemployment rate in Türkiye decreased by 1.6 percentage points to 10.4% in 2022 https://www.muhasebenews.com/en/unemployment-rate-in-turkiye-decreased-by-1-6-percentage-points-to-10-4-in-2022/ https://www.muhasebenews.com/en/unemployment-rate-in-turkiye-decreased-by-1-6-percentage-points-to-10-4-in-2022/#respond Fri, 24 Mar 2023 07:31:07 +0000 https://www.muhasebenews.com/?p=140599 Labour Force Statistics in Türkiye, 2022

Source: TurkStat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/unemployment-rate-in-turkiye-decreased-by-1-6-percentage-points-to-10-4-in-2022/feed/ 0 Employment rate realized as 46.1% in Turkey https://www.muhasebenews.com/en/employment-rate-realized-as-46-1-in-turkey/ https://www.muhasebenews.com/en/employment-rate-realized-as-46-1-in-turkey/#respond Mon, 16 Dec 2019 08:00:34 +0000 https://www.muhasebenews.com/?p=73289 Labour Force Statistics, September 2019 in Turkey

Source: TUIK
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/employment-rate-realized-as-46-1-in-turkey/feed/ 0 Turkey’s unemployment rate stands at 14 percent in August https://www.muhasebenews.com/en/turkeys-unemployment-rate-stands-at-14-percent-in-august/ https://www.muhasebenews.com/en/turkeys-unemployment-rate-stands-at-14-percent-in-august/#respond Mon, 18 Nov 2019 10:00:38 +0000 https://www.muhasebenews.com/?p=71080 Turkey’s unemployment rate stands at 14 percent in August

According to the news of Hürriyet Daily News, Turkey’s unemployment rate stood at 14.0 percent in August, the country’s statistical authority announced on Nov. 15.

The unemployment rate climbed 2.9 percentage points year-on-year, Turkish Statistical Institute (TÜİK) said.

The number of jobless people aged 15 and older was 4.65 million, up 980,000 from August 2018.

The youth unemployment rate — the 15-24 age group — also rose 6.6 points on an annual basis to 27.4 percent in the month.

TurkStat said non-agricultural unemployment rose 3.5 percentage points to 16.7 percent in the same period.

The unemployment for the 15-64 age group stood at 14.3 percent in August with a 2.9 percentage points rise compared to same month last year.

Data showed that August’s employment rate fell 2 percentage point to 46.3 percent.

“The number of employed persons decreased 789,000 to 28.5 million persons in August 2019 compared with the same period of last (2018) year,” TurkStat said.

Some 55.4 percent of total employment was in the services sector, 19.6 percent in agriculture, 19.5 percent in industry, and 5.5 percent in construction.

The labor force participation rate (LFPR) in Turkey slipped 0.4 percentage point year-on-year, standing at 53.9 percent.

“The LFPR for male was 73.2 percent with 0.9 percentage point decrease and the rate for female was 35 percent with 0.1 percentage point increase with the same period of last year,” it added.

Source: Hürriyet Daily News / link: http://www.hurriyetdailynews.com/turkeys-unemployment-rate-stands-at-14-percent-in-august-148719
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/turkeys-unemployment-rate-stands-at-14-percent-in-august/feed/ 0 Labor Force Statistics in Turkey, February 2017 https://www.muhasebenews.com/en/labor-force-statistics-in-turkey-february-2017/ https://www.muhasebenews.com/en/labor-force-statistics-in-turkey-february-2017/#respond Wed, 31 May 2017 07:00:51 +0000 https://www.muhasebenews.com/?p=16813 Unemployment rate realized as 12.6%
The number of unemployed persons aged 15 years old and over increased by 676 thousand to 3 million 900 thousand persons in the period of February 2017 in Turkey compared with the same period of the previous year. The unemployment rate was 12.6% with 1.7 percentage point increase. In the same period, non-agricultural unemployment rate was 14.8% with 2.1 percentage point increase. While youth unemployment rate including persons aged 15-24 was 23.3% with 4.7 percentage point increase, the unemployment rate for persons aged 15-64 occurred as 12.9% with 1.8 percentage point increase.

Employment rate realized as 45.3%
The number of employed persons rose by 500 thousand to 26 million 956 thousand persons in the period of February 2017 compared with the same period of the previous year. The employment rate occurred unchanged as 45.3%.

The number of agricultural employment increased by 160 thousand persons and the number of non-agricultural employment increased by 340 thousand persons in this period. According to the distribution of employment by sector; 18.7% was employed in agriculture, 19.5% was in industry, 6.7% was in construction and 55.2% was in services. Employment in agriculture increased by 0.3 percentage point,   services increased by 0.2 percentage point while industry decreased by 0.4 percentage point and construction realized without any change.

Labor force participation rate realized as 51.8%
The number of persons in the labor force amounted 30 million 855 thousand persons with 1 million 175 thousand persons increase in the period of February 2017 compared with the same period of the previous year. Labor force participation rate (LFPR) was 51.8% with 1 percentage point increase. LFPR for male was 71.7% with 0.8 percentage point increase and the rate for female was 32.3% with 1.2 percentage point increase compared with the same period of the previous year.

Non-seasonally adjusted main labor force indicators, February 2016, February 2017

The rate of unregistered employment realized as 32.8%
The ratio of persons working without any social security relating to the main job occurred 32.8% with 0.7 percentage point increase in the period of February 2017 compared with the same period of the previous year.

Public sector employment decreased as 1.2%
According to data gathered by The Ministry of Finance, total public sector employment realized as 3 million 558 thousand persons with 1.2% percentage point decrease in the first quarter of 2017 compared to the same period of the previous year.

Seasonally adjusted employed increased and unemployed decreased
Seasonally adjusted employed persons increased by 143 thousand persons and occurred 27 million 699 thousand persons compared with the previous period. Seasonally adjusted employment rate occurred 46.5% with 0.2 percentage point increase.

The number of seasonally adjusted unemployed persons decreased by 15 thousand to 3 million 674 thousand persons in the period of February 2017 compared with the previous period. The unemployment rate was 11.7% with 0.1 percentage point decrease.

Seasonally adjusted labor force participation rate was 52.7% with 0.2 percentage point increase compared with the previous period. According to the number of employment by sector, employment in agriculture increased by 22 thousand persons, construction increased by 61 thousand persons, services construction increased by 83 thousand persons while industry decreased by 23 thousand persons.

Seasonally adjusted main labor force indicators, February 2016 – February 2017


Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/labor-force-statistics-in-turkey-february-2017/feed/ 0 Labor Force Statistics of Turkey, January 2017 https://www.muhasebenews.com/en/labor-force-statistics-of-turkey-january-2017/ https://www.muhasebenews.com/en/labor-force-statistics-of-turkey-january-2017/#respond Mon, 17 Apr 2017 08:14:19 +0000 https://www.muhasebenews.com/?p=13843 Unemployment rate realized as 13%
The number of unemployed persons aged 15 years old and over realized as 3 million 985 thousand persons with 695 thousand persons increased in the period of January 2017 in Turkey compared with the same period of the previous year. The unemployment rate was 13% with 1.9 percentage point increase. In the same period, non-agricultural unemployment rate was 15.2% with 2.2 percentage point increase. While youth unemployment rate including persons aged 15-24 was 24.5% with 5.3 percentage point increase, the unemployment rate for persons aged 15-64 occurred as 13.3% with 2 percentage point increase.

Employment rate realized as 44.8%
The number of employed persons realized as 26 million 672 thousand persons with 397 thousand persons increase in the period of January 2017 compared with the same period of the previous year. The employment rate occurred as 44.8% with 0.2 percentage point decrease.

The number of agricultural employment increased by 81 thousand persons and the number of non-agricultural employment increased by 317 thousand persons in this period. According to the distribution of employment by sector; 18.3% was employed in agriculture, 19.8% was in industry, 6.5% was in construction and 55.4% was in services. Employment in agriculture realized without any change. Employment in industry decreased by 0.4 percentage point and construction decreased by 0.2 percentage point while services increased by 0.6 percentage point.

Labor force participation rate realized as 51.5%
The number of persons in the labor force amounted 30 million 658 thousand persons with 1 million 93 thousand persons increase in the period of January 2017 compared with the same period of the previous year. Labor force participation rate (LFPR) was 51.5% with 0.8 percentage point increase. LFPR for male was 71.5% with 0.7 percentage point increase and the rate for female was 32% with 1 percentage point increase compared with the same period of the previous year.

Non-seasonally adjusted main labor force indicators, January 2016, January 2017
The rate of unregistered employment realized as 32.5%
The ratio of persons working without any social security relating to the main job occurred 32.5% with 0.7 percentage point increase in the period of January 2017 compared with the same period of the previous year.

Seasonally adjusted employed increased and unemployed decreased
Seasonally adjusted employed persons increased by 230 thousand persons and occurred 27 million 534 thousand persons compared with the previous period. Seasonally adjusted employment rate occurred  46.3% with 0.1 percentage point increase.

The number of seasonally adjusted unemployed persons occurred as 3 million 697 thousand persons with 10 thousand persons decrease in the period of January 2017 compared with the previous period. The unemployment rate was 11.8% with 0.2 percentage point decrease.
Seasonally adjusted labor force participation rate was 52.5% with 0.1 percentage point increase compared with the previous period. According to the number of employment by sector, employment in agriculture increased by 111 thousand persons, industry increased by 9 thousand persons, construction increased by 13 thousand persons and services increased by 96 thousand persons.

Seasonally adjusted main labor force indicators, January 2016 – January 2017

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]]> https://www.muhasebenews.com/en/labor-force-statistics-of-turkey-january-2017/feed/ 0 Labor Force Statistics in Turkey, December 2016 https://www.muhasebenews.com/en/labor-force-statistics-in-turkey-december-2016/ https://www.muhasebenews.com/en/labor-force-statistics-in-turkey-december-2016/#respond Wed, 22 Mar 2017 14:29:57 +0000 https://www.muhasebenews.com/?p=11366 Unemployment rate realized as 12.7%
The number of unemployed persons aged 15 years old and over realized as 3 million 872 thousand persons with 668 thousand persons increased in the period of December 2016 in Turkey compared with the same period of the previous year. The unemployment rate was 12.7% with 1.9 percentage point increase. In the same period, non-agricultural unemployment rate was 14.9% with 2.2 percentage point increase. While youth unemployment rate including persons aged 15-24 was 24% with 4.8 percentage point increase, the unemployment rate for persons aged 15-64 occurred as 12.9% with 1.9 percentage point increase.

Employment rate realized as 45.1%
The number of employed persons realized as 26 million 669 thousand persons with 221 thousand persons increase in the period of December 2016 compared with the same period of the previous year. The employment rate occurred as 45.1% with 0.3 percentage point decrease.
The numbers of agricultural employment decreased by 88 thousand persons while the number of non-agricultural employment increased by 307 thousand persons in this period. According to the distribution of employment by sector; 18.4% was employed in agriculture, 19.7% was in industry, 6.9% was in construction and 54.9% was in services. Employment in agriculture decreased by 0.5 percentage point, industry decreased by 0.4 percentage point and construction decreased by 0.2 percentage point while the share of services increased by 1 percentage point.

Labor force participation rate realized as 51.6%
The number of persons in the labor force amounted 30 million 540 thousand persons with 888 thousand persons increase in the period of December 2016 compared with the same period of the previous year. Labor force participation rate (LFPR) was 51.6% with 0.7 percentage point increase. LFPR for male was 71.5% with 0.5 percentage point increase and the rate for female was 32.2% with 1 percentage point increase compared with the same period of the previous year.

Non-seasonally adjusted main labor force indicators, December 2015, December 2016

The rate of unregistered employment realized as 32.7%
The ratio of persons working without any social security relating to the main job occurred 32.7% with 0.6 percentage point increase in the period of December 2016 compared with the same period of the previous year.

Seasonally adjusted employed decreased and unemployed increased
Seasonally adjusted employed persons decreased by 36 thousand persons and occurred 27 million 301 thousand persons compared with the previous period. Seasonally adjusted employment rate occurred  46.2% with 0.1 percentage point decrease.
The number of seasonally adjusted unemployed persons occurred as 3 million 717 thousand persons with 49 thousand persons increase in the period of December 2016 compared with the previous period. The unemployment rate was 12% with 0.2 percentage point increase.

Seasonally adjusted labor force participation rate was 52.4% with 0.1 percentage point decrease compared with the previous period. According to the number of employment by sector, employment in agriculture increased by 39 thousand persons and services increased by 4 thousand persons while industry decreased by 51 thousand persons and construction decreased by 28 thousand persons.

Seasonally adjusted main labor force indicators, December 2015 – December 2016

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]]> https://www.muhasebenews.com/en/labor-force-statistics-in-turkey-december-2016/feed/ 0 Mining and Metals in Turkey https://www.muhasebenews.com/en/mining-and-metals-in-turkey/ https://www.muhasebenews.com/en/mining-and-metals-in-turkey/#respond Mon, 13 Mar 2017 08:04:58 +0000 http://www.muhasebenews.com/?p=10420 Turkey’s mining and metals sector has grown in parallel with the country’s robust economy. Harboring a large expanse of the western portion of the Tethyan-Eurasian Metallogenic Belt, which is an ophiolite extending from the Alps to southeastern Europe through Turkey, the Lesser Caucasus, Iran, and the Himalayas on to China, Turkey offers proven potential for mining investors. As the least exploited portion of the belt, Turkey stands out as a very promising region for companies engaged in mineral extraction. Mining in Turkey has mainly been limited to surface excavations, meaning huge potential with deep drilling is awaiting international investors.

Here are some essential facts and figures about the Turkish mining and metals sector:

  • The sector’s total production value soared to USD 13.2 billion in 2014, up from USD 2.6 billion in 2003.
  • Turkey’s young, dynamic, and well-educated labor force offers a high-quality labor pool.
  • There are 30 mining engineering departments in 26 cities in Turkey, while five new mining engineering departments have been opened since 2005. The number of mining engineers in Turkey has increased by more than 50 percent since 2005, now reaching 30,000.
  • Turkey’s advantages for players in the mining sector are not limited to a high-quality labor pool, but also include relatively low logistics and drilling costs, proximity to major markets, lucrative government incentives, and highly competitive taxes.
  • As a result of its remarkable economic growth, years of political stability, structural reforms, and the backing of governmental bodies, Turkey attracted USD 201 million of FDI to its mining industry in 2015, while mining exports in the sector totaled USD 3.9 billion.
  • These figures prove investors’ increased interest in Turkey, as today Turkey hosts more than 750 international mining companies, up from only 138 in 2004.

Turkey’s regional investment incentive system is based on a descending pattern where regions vary in a range of 1 to 6 based on their level of development, with 6 being given to the least developed regions. With this system, the most advantageous incentives are offered to the lesser-developed regions. Mining is one exception to this scheme, as most investments in the mining sector are supported with incentives extended to Region 5, regardless of the investment’s location.

 Date: 13 March 2017

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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