Unemployment in Israel rose in March

• Published date: 25 April 2022
• Author: Guy Ben Simon
• Publication title: Globes (Rishon LeZion, Israel)

At the same time, the unemployment rate under the broad definition rose to 5.3% in the second half of March from 4.7% in the first half of the month

Participation in the workforce of the working age population in Israel fell to 61.3% in the second half of March from 61.8% in the first half of the month.

The tightening of Israel's job market due to low unemployment and the record number of job vacancies is likely to bring about upward pressure on salaries, which would again further fuel inflation.

The Bank of Israel Research Department forecasts 3.5% unemployment at the end of 2022 with a...