Unemployment in Israel

Israel Unemployment | Economic News & Forecasts

Israel - Unemployment

The 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

2015   2016   2017   2018   2019  
Unemployment Rate5.3  4.8  4.2  4.0  3.8  

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Israel Unemployment Chart

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

Israel Facts

Value Change Date
Bond Yield0.98-1.69 %Jan 01
Exchange Rate3.46-0.37 %Dec 31

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