The seasonally adjusted unemployment rate in Israel increased to 4.1 percent in June of 2019 from an upwardly revised 3.7 percent in the previous month. It was the highest jobless rate since February, as the number of unemployed rose by 19.9 thousand to 169.5 thousand and employment declined by 10.8 thousand to 3,949.2 thousand. By genders, the jobless rate increased for both women (4.1 percent from 3.9 percent in May) and men (4.2 percent from 3.5 percent). In addition, the participation rate stood at 63.5 percent while the employment rate fell to 60.9 percent from 61.1 percent in the previous month. A year ago, the unemployment rate was lower at 4.0 percent. Unemployment Rate in Israel averaged 6.72 percent from 1992 until 2019, reaching an all time high of 11.40 percent in March of 1992 and a record low of 3.60 percent in January of 2018.
Unemployment Rate in Israel is expected to be 3.60 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 3.60 in 12 months time. In the long-term, the Israel Unemployment Rate is projected to trend around 4.20 percent in 2020, according to our econometric models.