Unemployment in Israel

Israel Unemployment | Economic News & Forecasts

Israel - Unemployment

The economy likely lost some momentum in annual terms in the first quarter, with the manufacturing PMI averaging notably lower than in Q4. Nevertheless, growth should still have been solid, supported by the expansionary fiscal stance and a healthy labor market. The State of the Economy Index recorded solid readings throughout Q1, while business confidence was robust. On the political front, incumbent Benjamin Netanyahu’s Likud party and rival Benny Gantz’s Blue and White coalition both obtained 35 seats in parliament in a general election held on 9 April. Agreements with smaller parties should give Netanyahu a majority, although coalition talks are still ongoing. Economic policy is thus unlikely to change significantly, with a continued focus on keeping taxes low and boosting competitiveness. However, political instability is possible given the fractured parliamentary arithmetic.

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 Yield2.00-1.69 %May 13
Exchange Rate3.57-0.37 %May 13
Stock Market1,420-0.91 %May 13

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