Unemployment in Israel
Israel - UnemploymentThe economy shrank at a record rate in Q2, driven by plummeting private consumption and fixed investment due to the domestic lockdown. In contrast, public consumption surged amid government stimulus measures. Turning to Q3, the recovery is likely being constrained by a rise in Covid-19 cases, which forced the government to reimpose some restrictions on activity. The State of the Economy Index ticked up only marginally in July following five consecutive monthly contractions, hinting at subdued momentum. In politics, Prime Minister Benjamin Netanyahu and coalition partner Benny Gantz agreed to extend the budget approval deadline by 120 days in late August. While this averts the prospect of snap elections for now, political gridlock could hamper the recovery from the pandemic.
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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September 29, 2020
The Bank of Israel’s Composite State of the Economy Index dropped 0.06% month-on-month in seasonally-adjusted terms in August, following July’s 0.02% decline, amid elevated new Covid-19 cases and the reimposition of some restrictions on activity.
September 15, 2020
Consumer prices were unchanged over the previous month in August, coming in below July's 0.20% increase.
September 15, 2020
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), increased from 49.8 in July to 53.1 in August, moving above the neutral 50-mark and signaling improving operating conditions for the first time since January.
September 13, 2020
Merchandise exports shrank 8.3% over the same month last year in August, on the heels of July’s 13.7% plunge, amid still-tepid demand abroad.
August 24, 2020
At its 24 August meeting, the Bank of Israel (BoI) left the policy rate at 0.10%, as expected. The decision was likely driven by a desire to assess the impact of past easing, which has consisted of a 15-basis-point policy cut and less conventional measures such as bond purchases, credit schemes and changes to macroprudential regulations.