Eylül İşsizlik Raporu: İstihdam piyasasında toparlanma devam etti.
Mevsimsellikten arındırılmış işsizlik oranı Eylül’de (Ağustos-Ekim dönemini kapsar) %13.2’den %12.7’ye geriledi. Daha da önemlisi istihdam oranı %43.0’ten %43.3’e yükseldi. Pandemi öncesinde bu oran %45.2 idi. İstihdam oranın yükselmesin sebebi pandemi sebebiyle kaybedilen 2.6 milyon istihdamın 1.6 milyonunun yeniden istihdam edilmesiydi. Son dönemde yeni istihdamın daha çok hizmetler ve inşaat sektöründen kaynaklandığını gözlemliyoruz. Öte yandan sanayi sektöründe pandemi döneminde kaybedilen yaklaşık 486,000 istihdamın yalnızca 245,000’i yeniden kazanılmış durumda. 3Ç20 sonuyla sanayi üretimi büyük ihtimalle pandemi öncesi dönemi yakalayacak olsa da istihdamda normalleşmenin daha yavaş gerçekleştiğini gözlemliyoruz.
September Unemployment: Job market recovery remains intact thanks to robust recovery in economic activity in 3Q20.
Seasonally adjusted unemployment rate fell to 12.7% in September (encapsulates data from August-October period) from 13.2% in August (encapsulates data from July-September period). The peak unemployment rate post-COVID was 14.0% in June (May-July). More importantly, labor participation increased to 43.3% from 43.0% in August. The ratio had bottomed at 41.8% in June. The ratio was about 45.2% before the pandemic.
The seasonally adjusted total employment rose by almost 1.6m since April (March-May period) following 2.6m job losses at the height of the pandemic. Most of the job gains took place in the services and construction sectors. In fact, seasonally adjusted 401K new jobs in the construction sector were created vs. 184K jobs lost during the pandemic. Favorable loan rates and credit impulse in commercial and mortgage categories have contributed to robust recovery in the construction sector.
On the other hand, only 245K of the 486K jobs lost in the industrial sector have been recovered. Although, industrial production would have probably reached its pre-pandemic level by September, it appears the recovery in industrial employment would take longer.
