OECD pleased with Israel’s declining unemployment rate

 

In recent data published by Organization for Economic Cooperation and Development, the unemployment rate in Israel dropped by 2% points to 6.7% 

Employment rate reached 67.1% in 3rd quarter of 2012 

Israel enjoys higher rates than the average employment rate among OECD member countries.

By Zeev Klein

 

 

The Organization for Economic Cooperation and Development gave Israel positive feedback for its declining unemployment rate in new data recently published by the organization.

The Tel Aviv Stock Exchange. – Photo: Yehoshua Yosef

According to the data, the unemployment rate in Israel dropped by two percentage points down to 6.7%, and the employment rate reached 67.1% in the third quarter of 2012.

The average employment rate of OECD member countries was less than in Israel, standing at 65%. The highest rate was recorded in Iceland with an 80% employment rate and the lowest was in Turkey with about 48.5%.

View original Israel Hayom publication at: http://www.israelhayom.com/site/newsletter_article.php?id=7139

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