Unemployment in Israel
Israel - UnemploymentThe latest data suggests tepid activity in the third quarter. The State of the Economy Index declined in July and only recorded mild rises in August and September. Moreover, September’s reading—which is calculated in part using backward-looking data for August—likely does not fully incorporate the impact of the second nationwide lockdown in place from mid-September. Looking to the fourth quarter, while the lockdown was eased somewhat in mid-October, remaining restrictions will still be severely curtailing the services sector. In politics, disagreement between Prime Minister Netanyahu and his coalition partner Benny Gantz over the budget process has raised political uncertainty and is hampering the government’s response to the Covid-19 crisis. If a budget for the current year is not passed by 23 December, fresh elections will be triggered, which could further increase instability.
Israel - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Israel Unemployment Chart
Source: Central Bureau of Statistics
|Bond Yield||0.98||-1.69 %||Jan 01|
|Exchange Rate||3.46||-0.37 %||Dec 31|
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June 13, 2021
Merchandise exports jumped 18.8% over the same month last year in May (April: +48.3% year-on-year).
May 31, 2021
At its 31 May meeting, the Bank of Israel (BoI) left the policy rate at 0.10%.
May 25, 2021
The Bank of Israel’s Composite State of the Economy Index increased 0.25% in month-on-month seasonally-adjusted terms in April, which was down from March’s 0.37% growth.
May 19, 2021
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), came in at 52.6 in April, up from March's 48.6.
May 18, 2021
The economy contracted 6.5% in seasonally-adjusted annualized terms (SAAR) in the first quarter, contrasting the fourth quarter's 6.3% increase.