Despite a wave of layoffs, especially in high tech, the latest data show that unemployment in Israel is falling. Unemployment fell to 5.9% in October from 6% in September, the Central Bureau of Statistics reports.
The number of Israelis aged 15 and over participating in the work force rose to 3,704,000 in October comprising 3,486,000 people employed and 218,000 unemployed. Among those employed in October, 1,861,000 were men compared with 1,848,000 in September, and 1,625,000 were women, compared with 1,611,000, the previous month.
The percentage of Israelis aged 15 and over in the work force climbed to 63.8% last month, up 0.4% from September.
Published by Globes [online], Israel business news - www.globes-online.com - on November 28, 2013
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