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Number of unemployed men goes up to 6.4% Photo: Shutterstock
Number of unemployed men goes up to 6.4% Photo: Shutterstock
 
 

Israel's jobless rate declining

Central Bureau of Statistics figures reveal number of unemployed down to 226,000 in August from 232,000 in July – from 6.2% to 6.1%

Billie Frenkel
Published: 10.06.13, 07:43 / Israel Business

Israel's jobless rate dropped to 6.1% in August from 6.2% in July, according to figures released by the Central Bureau of Statistics. The number of unemployed totaled 226,000 in August compared to 232,000 in July.

 

The number of participants in the labor force of those 15 years old and above stood at 3.705 million in August. The total participation rate in the labor force of those 15 years old and above climbed to 64% from 63.9% in July.

 

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The figures further reveal that the number of unemployed men has gone up to 6.4% (from 6.3% in July 2013), while the number of unemployed women has dropped to 5.8% (from 6% in July 2013).

 

The total participation rate in the labor force in the 25-64 age group fell to 78.8% in August from 78.9% in July. The number of unemployed in this age group rose to 5.4% from 5.2% in July.

 

The number of employed working full time (more than 35 hours a week) went up 3.8% from July – an addition of 83,000 workers. The number of employed working part time (less than 35 hours a week) went up 0.5% from July – an addition of 5,000 workers.

 

The total jobless rate (calculated as the percentage of employed in the entire population) among those 15 years old and above went up to 60.1% in August (from 59.9% in July). The unemployment rate among men increased to 65.4% (from 64.9% in July), while the unemployment rate among women reached 55.1% (similar to July).

 

The jobless rate in the 25-64 age group dropped to 74.5% (from 74.8% in July). The unemployment rate among men aged 25-64 went down to 79.9% (from 80% in July), and the unemployment rate among women aged 25-64 went down to 69.2% (from 69.8% in July).

 

 

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