Unemployment in Israel falls to new low

unemployment picture: Eyal Yitzhar

The July unemployment rate was 4.7%, but more people are in part-time work. 

Israel's unemployment rate fell to a new low of 4.7% in July, according to figures released today by the Central Bureau of Statistics.

The figures indicate further improvement in the rate of participation in the workforce among those aged 15 and above, to 64.4%, which compares with 64.2% in June. The rate of employment among those aged 15 and above also rose, to 61.3% from 61.1% in June.

The number people aged 15 and above participating in the workforce reached 3.940 million in July. Of these, 3.756 million were employed and 184 thousand were unemployed.

The number of people in full-time employment (35 hours a week of more) fell by 0.7% in comparison with June, while the number of people in part-time employment rose by 2.9%. The number of people in full-time employment as a proportion of the total number of people in employment fell to 77%.

Published by Globes [online], Israel business news - www.globes-online.com - on August 22, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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unemployment picture: Eyal Yitzhar
unemployment picture: Eyal Yitzhar
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