Unemployment Rate in Palestine increased to 26.60 percent in the second quarter of 2020 from 25 percent in the first quarter of 2020.

Unemployment Rate in Palestine averaged 23.80 percent from 1995 until 2020, reaching an all time high of 35.60 percent in the third quarter of 2002 and a record low of 8.80 percent in the second quarter of 2000. This page provides - Palestine Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Palestine Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Unemployment Rate in Palestine is expected to be 25.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Palestine to stand at 26.00 in 12 months time. In the long-term, the Palestine Unemployment Rate is projected to trend around 25.50 percent in 2021 and 24.00 percent in 2022, according to our econometric models.

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Palestine Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
26.60 25.00 35.60 8.80 1995 - 2020 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-02-14 01:00 AM Q4 29.1% 31.7% 26.30%
2020-02-13 08:00 AM Q4 24% 24.6% 24.5%
2020-06-01 01:45 AM Q1 25% 24% 24.5%
2020-09-10 02:00 AM Q2 26.6% 25% 25%
2020-11-08 09:00 AM Q3 26.6% 25.5%

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