Another sharp drop in unemployment: this is the new unemployment rate

The Central Bureau of Statistics published today (Tuesday) the employment report in the economy, which reveals that the downward trend in the unemployment rate in Israel did not stop in April, reaching a new high: from 3.7% in the second half of March, to only 2.9% in the first two weeks of April.

Unemployment data, April 2022 (Photo: Central Bureau of Statistics)

Another report report:

  • Percentage of the labor force of the employed who were temporarily absent from work all week due to reasons related to the Corona virus and the unemployed – 3.2% (4.1% in the second half of March 2022).
  • Percentage of the labor force of non-participants who stopped working due to dismissal or closure of the workplace from March 2020, and employed persons who are temporarily absent from work all week due to Corona virus-related causes, and the unemployed – 4.4% (5.3% in the second half of March 2022).
  • Employment rate excludes temporarily absent from work all week for corona-related reasons – 61.0% (61.3% in the second half of March 2022).

This is a continuation of the decline in the unemployment rate that intensified with the cessation of unemployment benefits given to workers who lost their jobs following the Corona crisis, which led to closures starting in March 2020.


Source: Maariv.co.il – כלכלה בארץ by www.maariv.co.il.

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