Israel’s unemployment rate hits record low of 5.3%

The Israeli flag. Credit: Wikimedia Commons.

(Israel Hayom/Exclusive to The Israeli unemployment rate dropped by 0.3 percentage points in February, hitting a record low of 5.3 percent, compared to 5.6 percent in January, the country’s Central Bureau of Statistics (CBS) said Thursday.

Israel’s unemployment figures are now among the lowest jobless rates recorded among the member nations of the Organization for Economic Cooperation and Development. The data show a drop in unemployment even though the number of job-seekers rose from 203,000 in January to 214,500 job-seekers in February.

According to the CBS, unemployment in Israel has dropped by 2.6 percentage points since 2009.

Posted on March 27, 2015 .