The seasonally adjusted unemployment rate in Israel decreased to 3.8 percent in April of 2019 from 3.9 percent in March. It was the lowest jobless rate since March 2018, as the number of unemployed fell by 7.7 thousand to 157.4 thousand and employment rose by 89.4 thousand to 3,975 thousand. Unemployment Rate in Israel averaged 6.76 percent from 1992 until 2019, reaching an all time high of 11.40 percent in March of 1992 and a record low of 3.70 percent in January of 2018.
Unemployment Rate in Israel is expected to be 3.70 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 3.50 in 12 months time. In the long-term, the Israel Unemployment Rate is projected to trend around 4.90 percent in 2020, according to our econometric models.