The seasonally adjusted unemployment rate in Israel decreased to 5 percent in July of 2021 from a downwardly revised 5.1 percent in the previous month. This is the lowest rate of unemployment since January as the number of unemployed fell by 5.9 thousand to 206 thousand while the number of employed rose by 6.8 thousand to 3.955 million. Meanwhile, the labour force participation rate edged down to 61.7 percent from a downwardly revised 61.8 percent in June. source: Central Bureau of Statistics, Israel
Unemployment Rate in Israel averaged 6.43 percent from 1992 until 2021, reaching an all time high of 11.40 percent in March of 1992 and a record low of 3.40 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 September of 2021.
Unemployment Rate in Israel is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Unemployment Rate is projected to trend around 4.50 percent in 2022, according to our econometric models.