Different sections in a society experience unemployment in different ways. For instance, as discussed before, labor force participation and unemployment rates for women and men differ significantly in Turkey.
Economists interpret the ups and downs of the unemployment rate of an economy not only in relation to the economic growth performance of that country but also as an important determinant of the balance of class power within that country.
The growth rate of Gross Domestic Product (GDP) is the most frequently referred to indicator of the economic growth of an economy. As we have discussed elsewhere, GDP gives us the aggregated monetary value of all the final goods and services produced within the borders of that county in a given year. Accordingly, GDP growth […]
“Output gap” is one of the indicators used to gauge to what extent a country is able to mobilize its productive potential.
As we have discussed previously, different sectors of a society experience unemployment differentially.
As we have discussed in our entry on the Unemployment Rate in Turkey, this is one of the most important indicators of the health of an economy. The unemployment rate is calculated by dividing the number of unemployed with the total labor force.
Women and men do not experience unemployment under similar conditions. In order to investigate this, it is necessary to differentiate the data with respect to gender.