Tuesday, November 19th | 21 Heshvan 5780

Subscribe
November 22, 2016 12:09 pm

Israeli Unemployment Rate Hits 30-Year Low

avatar by JNS.org

Employment rates in Israel at a 30-year high. Photo: Wiki.

Employment rates in Israel are at a 30-year high. Photo: Wiki.

JNS.org – Israel’s unemployment rate dropped to 4.5 percent in October, marking a three-decade low, the country’s Central Bureau of Statistics (CBS) reported Monday. This figure represents a 0.5% drop from September’s jobless rates, which stood at 5%.

The CBS found that for the first time in Israel’s history, unemployment among Israelis aged 25-64 hovers near the 4% mark. Men’s jobless rates were set at 3.8%, and among women in this age group unemployment was at 4.1%.

The data further showed that 179,000 Israelis registered with unemployment bureaus nationwide in October, compared to 199,000 in September, representing a 10% drop. Employment rates climbed to 80%, with 78% of Israelis holding full-time jobs and 22% part-time ones. The number of Israelis holding full-time jobs grew by 29,000 in October, and the number of Israelis holding part-time jobs decreased by 22,000.

Among Israelis aged 25-64, 85% of men and 75.5% of women are employed. Employment rates among teenagers aged 15-18 remained unchanged, at 61.2%, the report said.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.