The seasonally adjusted unemployment rate in Israel decreased to 3.4 percent in December of 2019 from 3.9 percent in the previous month. The number of unemployed fell by 21.1 thousand to 141.4 thousand while employment decreased by 24.8 thousand to 3,978.8 thousand. By genders, the jobless rate declined for both women (3.2 percent from 3.8 percent in June) and men (3.6 percent). Meantime, the participation rate dropped to 62.9 percent from 63.7 percent while the employment rate went down to 60.7 percent from 61.2 percent in the previous month. A year ago, the unemployment rate was higher at 4.2 percent.
Unemployment Rate in Israel averaged 6.62 percent from 1992 until 2019, reaching an all time high of 11.40 percent in March of 1992 and a record low of 3.40 percent in December of 2019. 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.
Unemployment Rate in Israel is expected to be 3.50 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 3.80 in 12 months time. In the long-term, the Israel Unemployment Rate is projected to trend around 4.20 percent in 2021, according to our econometric models.