The seasonally adjusted unemployment rate in Israel edged up to 5.5 percent in May of 2021 from 5.4 percent in the previous month. It was the highest jobless rate since January 2015, as the number of unemployed increased by 3.4 thousand to 225.4 thousand while employment went down by 9.8 thousand to 3.869 million. Meantime, the labour force participation rate edged down to 60.9 percent from 61.1 percent in April and the employment rate edged up to 57.8 percent. source: Central Bureau of Statistics, Israel
Unemployment Rate in Israel averaged 6.44 percent from 1992 until 2021, 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 July of 2021.
Unemployment Rate in Israel is expected to be 5.00 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 4.50 in 12 months time. In the long-term, the Israel Unemployment Rate is projected to trend around 4.50 percent in 2022, according to our econometric models.