Israel's employment rate highest in four years

Published date19 September 2022
Publication titleGlobes (Rishon LeZion, Israel)
The figures represent a substantial rise in the employment rate in comparison with the period of the Covid-19 pandemic, at the height of which the proportion of people in Israel in employment fell to 57.7%. In fact, the current rate of employment is even higher than in 2019, and the last time such a high rate was recorded was in August 2018, exactly four years ago, when, seasonally adjusted, 61.6% of the population over 15 was employed, that is, just 0.1% more

Nevertheless, the unemployment rate also rose in August, from 3.7% in July to 4.1%. Unemployment is defined as being in the workforce (i.e., actively looking for work) but not actually employed. The rise is in contrast to the rate of employment, but is still at what is considered a very low level.

It appears that the Israel economy...

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