Record low net job balance in Aug but 8-month figure highest since 2001

Economy Tags: Labour, Unemployment

The employment balance remained negative in August, when net departures rose to 16,128 in August 2016 from just 441 last year, the Labour Ministry’s information system (Ergani) data displayed on Tuesday.

Hirings reached 1.41 million in the 8-month period, while departures stood at 1.18 million, of which more than 53 percent related to layoffs.

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