The seasonally adjusted unemployment rate in Israel rose to 4.7 percent in October of 2020 from a downwardly revised 4.6 percent in the previous month, amid the pandemic crisis. The number of unemployed persons increased by 3.4 thousand to 193.1 thousand while employed persons went up by 11 thousand to 3.906 million. The jobless rate remains well above 3.6 percent in February, before the pandemic impact began to be felt. source: Central Bureau of Statistics, Israel

Unemployment Rate in Israel averaged 6.49 percent from 1992 until 2020, reaching an all time high of 11.40 percent in March of 1992 and a record low of 3.30 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 November of 2020.

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 4.60 in 12 months time. In the long-term, the Israel Unemployment Rate is projected to trend around 4.40 percent in 2021 and 4.00 percent in 2022, according to our econometric models.

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Israel Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.60 11.40 3.60 1992 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-24 10:00 AM Jul 4.6% 4.6% 4.5%
2020-09-23 10:00 AM Aug 4.9% 4.7% 4.6%
2020-10-29 11:00 AM Sep 4.7% 4.9% 5.1%
2020-11-23 11:00 AM Oct 4.7% 4.6% 4.8%
2020-12-28 11:00 AM Nov 4.7% 4.9%
2021-01-30 11:00 AM Dec
2021-02-24 11:00 AM Jan
2021-03-15 11:00 AM Feb


News Stream
Israel Jobless Rate Rises to 4.7% in October
The seasonally adjusted unemployment rate in Israel rose to 4.7 percent in October of 2020 from a downwardly revised 4.6 percent in the previous month, amid the pandemic crisis. The number of unemployed persons increased by 3.4 thousand to 193.1 thousand while employed persons went up by 11 thousand to 3.906 million. The jobless rate remains well above 3.6 percent in February, before the pandemic impact began to be felt.
2020-11-23
Israel Jobless Rate Falls from 4-1/2-Year
The seasonally adjusted unemployment rate in Israel fell to 4.7 percent in September of 2020 from 4.9 percent in the previous month which was the highest jobless rate since April of 2016. The labour force participation rate edged down to 61.4 percent from 61.8 percent and the employment rate also declined to 58.5 percent from 58.8 percent. The jobless rate remains well above 3.3 percent in February, before the coronavirus pandemic.
2020-10-29
Israel Jobless Rate at Near 4-1/2-Year High of 4.9%
The seasonally adjusted unemployment rate in Israel rose to 4.9 percent in August of 2020 from 4.6 percent in the previous month. It was the highest jobless rate since April of 2016, as the labour market continued to be hurt by coronavirus restrictions. The number of unemployed persons increased by 9.8 thousand to 201.1 thousand, the highest since March of 2016, while employed persons went up by 17 thousand to 3.907 million.
2020-09-23
Israel Jobless Rate at Over 3-1/2-Year High of 4.6%
The seasonally adjusted unemployment rate in Israel came in at 4.6 percent in July of 2020, the same as in the previous month. It was the highest jobless rate since October of 2016, as the number of unemployed persons increased by 1.8 thousand to 187.9 thousand while employed persons fell by 7.4 thousand to 3.890 million. Meantime, the labour force participation rate edged down to 61.6 percent from 61.7 percent in June.
2020-08-24

Israel Unemployment Rate
In Israel, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.