The Taub Center reports prices in Israel are still high and in many industries the productivity is still low, but increased employment rates & higher salaries “have led to an impressive rise in consumption in recent years and to an increase in the standard of living.”
By Ariel Whitman
Employment and salaries have risen and unemployment rates have fallen to a historic low over the past year, according to a new report released by the Taub Center for Social Policy Studies in Israel on Tuesday.
“The increase in employment rates, together with the rise in the average wage, have led to an impressive rise in consumption in recent years and to an increase in the standard of living,” the report said. Continue Reading »
Israel’s unemployment rate in April registered at 4.9%, but economists caution the drop may have been due to an increase in temporary Passover holiday jobs and the fact that the Unemployment Offices were closed during the holidays.
By Zeev Klein
This past April marked a historic drop in the Israeli unemployment rate, which sunk to 4.9% as compared with 5.3% in March, according to a report from the Central Bureau of Statistics.
April’s unemployment rate reaches historic low [illustrative] – Photo: Rafael Ben-Ari
The report indicated that some 193,000 people were unemployed in April as compared with 208,700 in March. Continue Reading »
Looking Good: Israel’s Central Bureau of Statistics reports number of employed Israelis has reached 3.64 million, for an all-time high of 60.9%.
• Bank of Israel leaves interest rate unchanged at 0.1%, acknowledging economy is “growing at moderate rate” with Consumer Price Index up 0.6%.
By Zeev Klein
Unemployment in Israel has fallen to an all-time low and the number of employed Israelis has reached an all-time high, the Central Bureau of Statistics said Monday.
An Israeli employment office – Photo: Yehoshua Yosef
According to the bureau’s data, the April jobless rate was just 4.9%, below the psychological threshold of 5%. Continue Reading »
In the face of ongoing problems in the world’s economy, the Israeli economy continues to do well with unemployment down again.
By David Lev
The Israeli economy continues to do well in the face of ongoing problems in the world economy. Israel’s unemployment rate remained a relatively mild 6.9% in May, the same as in April.
Experts said that the relatively stable employment situation was a sign that the Israeli economy was flexible and versatile enough to withstand the major fluctuations in the world economy – including the near-bankruptcy of several European countries (among them large importers of Israeli exports), continued weakness in the U.S., Continue Reading »