The seasonally adjusted unemployment rate in Israel stood at 4.1 percent in November of 2018, the same as in the previous two months. Among genders, the jobless rate dropped for women (4.1% vs 4.2% in October) while it rose for men (4.1% vs 4.0%). Mentime, the activity rate increased to 63.9 percent from 63.7 percent in the prior month and the employment rate went up to 61.3 percent from 61.1 percent in October. A year ago, the unemployment rate was higher at 4.3 percent. Unemployment Rate in Israel averaged 6.84 percent from 1992 until 2018, reaching an all time high of 11.40 percent in March of 1992 and a record low of 3.70 percent in January of 2018.
Unemployment Rate in Israel is expected to be 3.90 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 3.60 in 12 months time. In the long-term, the Israel Unemployment Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.