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.

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Israel Unemployment Rate
Actual Previous Highest Lowest Dates Unit Frequency
3.90 3.50 11.40 3.50 1992 - 2019 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-09-19 10:00 AM Aug 3.8% 3.7% 3.6%
2019-10-31 11:00 AM Sep 3.7% 3.8% 3.6%
2019-11-25 11:00 AM Oct 3.4% 3.6% 3.5%
2019-12-23 11:00 AM Nov 3.9% 3.5% 3.5%
2020-01-30 11:00 AM Dec 3.9% 3.5%


Releases
Israel Jobless Rate Lowest since 2012
The seasonally adjusted unemployment rate in Israel decreased to 3.4 percent in October of 2019 from a downwardly revised 3.6 percent in the previous month. It was the lowest jobless rate since January 2012 when comparable data began, as the number of unemployed declined by 8.4 thousand to 140.5 thousand while employment fell by 29.2 thousand to 3.70 million. By genders, the jobless rate was down for men (3.1 percent vs 3.3 percent in September) and for women (3.7 percent vs 3.9 percent). Meantime, the participation rate decreased to 62.8 percent from 63.5 percent in September and the employment rate fell to 60.6 percent from 61.2 percent. A year ago, the jobless rate was higher at 4.1 percent.
Published on 2019-11-25

Israel Jobless Rate Edges Down in September
The seasonally adjusted unemployment rate in Israel decreased to 3.7 percent in September of 2019 from 3.8 percent in the previous month. By genders, the jobless rate declined for women (4.0 percent from 4.1 percent in June) while remained the same for men (at 3.4 percent). Meantime, the participation rate went up to 63.5 percent from 63.2 percent in June while the employment rate increased to 61.2 percent from 60.8 percent. A year ago, the unemployment rate was higher at 4.1 percent.
Published on 2019-10-31

Israel Jobless Rate Rises to 3.8% in August
The seasonally adjusted unemployment rate in Israel increased to 3.8 percent in August of 2019 from 3.7 percent in the previous month. By genders, the jobless rate rose for women (4.2 percent from 3.9 percent) while it fell for men (3.4 percent from 3.5 percent). Meantime, the participation rate went up to 63.2 percent in August from 63.1 percent in July and the employment was steady at 60.8 percent. A year ago, the jobless rate was higher at 4 percent.
Published on 2019-09-19

Israel Jobless Rate Edges Down in July
The seasonally adjusted unemployment rate in Israel decreased to 3.7 percent in July of 2019 from 4.1 percent in the previous month. The number of unemployed fell by 19.1 thousand to 150.4 thousand and employment increased by 1.8 thousand to 3,951 thousand. By genders, the jobless rate declined for both women (3.9 percent from 4.0 percent in June) and men (3.5 percent from 4.2 percent). Meantime, the participation rate went down to 63.1 percent from 63.5 percent in June while the employment rate stood at 60.8 percent. A year ago, the unemployment rate was higher at 4.1 percent.
Published on 2019-08-26


Israel Unemployment Rate
In Israel, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Israel Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 3.50 11.40 3.50 percent [+]
Employed Persons 3970.09 3967.57 3970.09 1537.00 Thousand [+]
Unemployed Persons 160.44 150.96 305.40 126.80 Thousand [+]
Job Vacancies 96738.00 98348.00 103832.00 36223.00 [+]
Wages 10891.00 10809.70 10891.00 7186.00 ILS/Month [+]
Wages in Manufacturing 114.60 115.60 137.00 96.00 points [+]
Minimum Wages 5300.00 5300.00 5300.00 2348.88 ILS/Month [+]
Population 8.97 8.81 8.97 2.11 Million [+]
Retirement Age Women 63.33 63.00 63.33 62.00 [+]
Retirement Age Men 68.33 68.00 68.33 67.00 [+]
Labor Force Participation Rate 62.80 63.50 64.70 62.10 percent [+]
Employment Rate 60.80 60.10 61.80 58.40 percent [+]