Israel's unemployment rate jumps above 4%

unemployment picture: Eyal Yitzhar
unemployment picture: Eyal Yitzhar

The unemployment rate rose from 3.7% in May to 4.1% in June.

The unemployment rate in Israel among those age 15 and older rose to 4.1%, the Central Bureau of Statistics reported today, based on its personnel survey for June, compared with 3.7% in the preceding month. Unemployment in the second quarter, however, was still lower than in the first quarter of the year.

The unemployment rate among men rose to 4.2%, compared with 3.5% in the preceding month, while the rate among women rose from 3.9% in the preceding month to 4.1% in June. The employment rate, consisting of the proportion of employment in the general population age 15 and older, dipped from 61.1% in the previous month to 60.9% in June. The rate fell from 65.2% to 64.9% among men and from 57.3% to 57% among women.

The number of full-time employees (working 35 or more hours a week) declined by 0.8% in June, a loss of 20,000 jobs, while the number of part-time employees was 5.9% higher than in the preceding months (58,000 additional part-time jobs). The number of employees temporarily absent from their jobs in the week of record rose 7.5% above the preceding quarter, representing 29,000 additional employees.

Despite the increase in June, the unemployment rate in the second quarter among those age 15 and older declined in most districts, in comparison with the preceding quarter. The rate fell from 4.1% in the first quarter to 3.9% in the second quarter in Jerusalem, from 4.8% to 4.1% in the northern district, from 4.2% to 4.1% in the Haifa district, from 3.6% to 3.3% in the Tel Aviv district, and from 4.1% to 3.8% in the Tel Aviv district, while increasing from 4.0% to 4.1% in the southern district. The proportion of participation in the labor force among those age 15 or older declined in most districts.

Published by Globes, Israel business news - en.globes.co.il - on July 31, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

unemployment picture: Eyal Yitzhar
unemployment picture: Eyal Yitzhar
Unframe founders credit: Yossi Yarom Israeli AI enterprise platform co Unframe raises $50m

Unframe’s turnkey AI solutions enable companies to solve any enterprise AI use case at scale with fully functional, customized AI solutions for businesses in a matter of hours, rather than months.

Combatica credit: Combatica Combatica launches next-gen VR AI training platform

The Israeli company's virtual reality platform includes 50 AI generated scenarios, seven maps and even situations for operating night vision.

Shekel credit: Shutterstock Vladirina 32 Shekel volatility after US tariffs announcement

The shekel is weakening sharply against the euro, which is gaining following the unveiling of Donald Trump's tariffs plan.

Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Treasury assesses potential damage to Israel's US exports

Israel will be charged a higher tariff on its exports to the US - its biggest export customer - than Turkey and the UAE.

Iranian flag credit: Shutterstock Why inflation haunts Iran

With a month-on-month increase of 3.3% and an annual rate of 37.1%, inflation reflects the struggles of millions of Iranians.

APM merges with lawyers from Doron, Tikotzky Kantor, Gutman credit: Eyal Merilos APM merges with 12 lawyers from Doron, Tikotzky Kantor, Gutman

With the addition of these 12 lawyers, Amit Pollak Matalon & Co. will now have 135 lawyers.

US President Donald Trump credit: Reuters Sipa USA Israel on list as Trump unveils tariffs

Relatively low reciprocal tariffs will be imposed on Israeli goods sold in the US.

Deflated unicorn credit: Shutterstock Big Tech 50 reports more huge falls in startup valuations

Israeli R&D partnership Big Tech 50 reports that an investment of $2 million in Orcam made in 2021, shrank to just $31,000 at the end of 2024.

NextFerm technologies based on yeast credit: NextFerm Food-tech co NextFerm suspends operations

The company, which produces food ingredients in yeast without genetic engineering, cannot pay its debts and is seeking a buyer.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef OECD sees recovery in growth but high inflation

The OECD Israel Economic Survey 2025 recommends that the Israeli government take several restraining measures, in order to exit the economic storm created by the war.

Dano Ben-Hur credit: Dror Sithakol Statisticians contradict BoI on impact of housing finance deals

The Central Bureau of Statistics insists the impact of 20/80 buy now pay later financing deals on the real estate market and housing prices is minimal.

Governor of the Bank of Israel Amir Yaron  credit: Government Press Office Debt fears top Bank of Israel's concerns

Most unusually, Governor of the Bank of Israel Amir Yaron's press conference last week did not focus on inflation and the impending interest rate decision.

US President Donald Trump  credit: Reuters/Leah Millis Israel moves to avoid Trump's tariffs axe

Minister of Finance Bezalel Smotrich has signed an order canceling all tariffs on imports from the US. The impact will mostly be on agricultural produce.

Forbes Rich List credit: Shutterstock Maslowski Marcin Wiz founders ranked in Forbes 2025 Rich List

There are a few dozen Israelis listed in the 2025 Forbes Real-Time Billionaires List including Wiz founders Assaf Rappaport, Yinon Costica, Roy Reznik and Ami Luttwak.

SatixFy CEO Nir Barkan credit: Ariel Barkan Canada's MDA Space to buy Israeli satcom co SatixFy

MDA Space will pay $269 million for the Israeli company, including taking on a $76 million debt and a 75% premium on SatixFy's closing price on Nasdaq yesterday.

Raising dollars credit: Shutterstock Israeli startups raised over $1b in March

Israeli privately-held tech companies have raised $2.1 billion in the first three months of 2025, according to IVC-LeumiTech, up 24% from the corresponding quarter of 2024.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018