Unemployment in Israel

Israel Unemployment | Economic News & Forecasts

Israel - Unemployment

The economy likely lost puff in the second quarter, after a surge in Q1 which was partly driven by a frontloading of car purchases ahead of green tax changes. The Central Bank’s State of the Economy Index averaged notably lower in Q2, while merchandise exports contracted throughout the period, against the backdrop of a stronger shekel and global trade tensions. However, the labor market likely provided support; the unemployment rate fell to an over one-year low in May, while real wage growth was perky in April. Moreover, business sentiment was firm despite election-related uncertainty, while the manufacturing PMI averaged higher than in the first quarter. In politics, the cabinet approved spending cuts in late June, in response to a budget shortfall which ballooned in H1. However, the measures are unlikely to put a significant dent in the fiscal deficit, which is seen staying sizeable this year and next.

Israel - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate6.3  5.9  5.3  4.8  4.2  

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Israel Unemployment Chart

Israel Unemployment
Note: Unemployment in % of active population.
Source: Central Bureau of Statistics

Israel Facts

Bond Yield1.34-1.69 %Jul 31
Exchange Rate3.50-0.37 %Jul 31
Stock Market1,514-0.91 %Jul 31

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