The seasonally adjusted unemployment rate in Israel increased to 3.9 percent in November of 2019 from an upwardly revised 3.5 percent in the previous month. It was the highest jobless rate since June, as the number of unemployed rose by 21 thousand to 162.5 thousand while employment increased by 37 thousand to 4,003.6 thousand. By genders, the jobless rate increased for both women (3.9 percent from 3.8 percent in October) and men (3.9 percent from 3.2 percent). Meantime, the participation rate rose to 63.7 percent from 62.9 percent while the employment rate increased to 61.2 percent from 60.7 percent in the previous month. A year ago, the unemployment rate was higher at 4.1 percent. Unemployment Rate in Israel averaged 6.64 percent from 1992 until 2019, reaching an all time high of 11.40 percent in March of 1992 and a record low of 3.50 percent in October of 2019.
Unemployment Rate in Israel is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Israel to stand at 3.80 in 12 months time. In the long-term, the Israel Unemployment Rate is projected to trend around 4.20 percent in 2020, according to our econometric models.