The seasonally adjusted unemployment rate in Israel came in at 4.8 percent in December of 2020, the same as in the previous month. It was the highest jobless rate since August, as the number of unemployed fell by just 1.4 thousand to 192.4 thousand while the number of employed decreased by 32.5 thousand to 3.846 million. The labour force participation rate edged down to 60.5 percent from 61.1 percent in November and the employment rate also declined to 57.6 percent from 58.2 percent. Meanwhile, the implementation of a third nationwide lockdown in December 2020 is likely to continue hurting the labour market in the next few months. source: Central Bureau of Statistics, Israel
Unemployment Rate in Israel averaged 6.47 percent from 1992 until 2020, reaching an all time high of 11.40 percent in March of 1992 and a record low of 3.40 percent in February of 2020. This page provides the latest reported value for - Israel Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Israel Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Unemployment Rate in Israel is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Israel to stand at 4.40 in 12 months time. In the long-term, the Israel Unemployment Rate is projected to trend around 4.00 percent in 2022, according to our econometric models.