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What’s going on with Israel’s unemployment rate?

August 21, 2021 Comments Off on What’s going on with Israel’s unemployment rate? By admin

Israel’s jobless rate rose to its highest level in more than two years on Friday, as the country continued to recover from a crippling economic crisis that began nearly two years ago.

The Job Creation Ministry reported Friday that unemployment stood at 4.7 percent, up from 4.3 percent in February and 5.3 years ago, according to a statement from the Prime Minister’s Office.

The government has said the rate has dropped from its peak of more than 6 percent to around 4 percent.

The unemployment rate for March 2017 was 8.9 percent, compared to 8.6 percent in January and 9.5 percent in 2016.

The unemployment rate is closely related to the government’s official unemployment rate, which measures the number of unemployed workers.

The official rate, based on interviews with people who responded to jobless benefits, is much lower than the jobless figure reported by the Job Creation Department.

It has also been reported that Israel is losing the jobs it has lost in recent years, including those it lost in the years following the 2009-11 economic crisis, when the country suffered from a sharp decline in oil prices.

Israel lost an estimated 5.2 million jobs between 2009 and 2016, the most recent period for which data is available.

In 2016, Israel lost about 2.4 million jobs, or about 7.2 percent of its workforce.

Israel’s labor market, however, is not necessarily the most stable.

Job creation Minister Yuval Steinitz told the daily newspaper Yedioth Ahronoth that the country’s unemployment is not caused by any specific policy, and that the government is currently analyzing the causes behind the increase.

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