The seasonally adjusted unemployment rate in Israel rose to 4.9 percent in August of 2020 from 4.6 percent in the previous month. It was the highest jobless rate since April of 2016, as the labour market continued to be hurt by coronavirus restrictions. The number of unemployed persons increased by 9.8 thousand to 201.1 thousand, the highest since March of 2016, while employed persons went up by 17 thousand to 3.907 million.
Unemployment Rate in Israel averaged 6.51 percent from 1992 until 2020, reaching an all time high of 11.40 percent in March of 1992 and a record low of 3.30 percent in February of 2020. This page provides the latest reported value for - Israel Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Israel Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Unemployment Rate in Israel is expected to be 4.70 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 4.60 in 12 months time. In the long-term, the Israel Unemployment Rate is projected to trend around 4.40 percent in 2021 and 4.00 percent in 2022, according to our econometric models.