Over 120,000 jobs lost in month of October

The record highs in employee hirings registered earlier in 2018 have been all but offset by the departures of this fall, which in October reached an unprecedented level.

According to data from the Labor Ministry’s Ergani database, 120,087 jobs were lost last month, mainly due to the end of the tourism season bringing down the overall balance for the year to end-October to a marginal surplus of just 831 jobs.