The labor market has been improving steadily since July 2009.
Israel's labor market continues to recover from the recession. The number of unemployed fell 0.7% to 193,800 persons in April 2010 from 195,100 persons in March, the Israel National Employment Service reported today. This is the lowest number of unemployed since January 2009.
The labor market has been improving steadily since July 2009, reversing the growth in unemployment from 169,000 in April 2008 to 211,000 unemployed in June 2009.
The number of jobseekers fell 1.9% to 207,000 in April from 211,000 in March, in seasonally adjusted figures. The number of jobseekers with college degrees fell 2.1% and the number of jobseekers without higher degrees fell 2.8%. 38.6% of all jobseekers were without work for at least 270 days in the preceding 12 months, constituting the hard-core jobseekers.
Published by Globes [online], Israel business news - www.globes-online.com - on June 1, 2010
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