Israel's 5.6% unemployment rate in April is one of the lowest in the OECD.
Unemployment in Israel continues to fall. The unemployment rate fell in April to 5.6%, from 5.7% in March and 5.9% at the beginning of 2014.
This is one of the lowest rates of unemployment in the OECD. The figures released by the Central Bureau of Statistics today indicate that unemployment is falling without affecting the rate of participation in the workforce, which continues to be fairly high, at 64%.
According to the figures, core unemployment (that is, unemployed people aged 25-64 excluding career army personnel and students) remains almost unchanged at 5.2%. The rate of participation in the workforce of people in the 25-64 age group was 80% in April.
The rate of people in full-time employment is almost unchanged, at 77%.
Published by Globes [online], Israel business news - www.globes-online.com - on May 26, 2014
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