Israeli unemployment rate drops to historic low of 4.9 percent

Israel shekel coins. Credit: Wikimedia Commons.

(Israel Hayom/Exclusive to Unemployment in Israel has fallen to an all-time low, the country’s Central Bureau of Statistics said Monday.

According to the bureau’s data, the April jobless rate was just 4.9 percent, below the psychological threshold of 5 percent. Unemployment among men dropped from 5.2 percent in March to 4.9 percent in April, and unemployment among women dropped from 5.4 percent to 4.7 percent in the same months.

The report also said the number of employed Israelis reached an all-time high in April of 60.9 percent, or 3.64 million, and the workforce now numbers 1.9 million men and 1.74 million women. Workforce participation in March was 60.2 percent.

Posted on May 26, 2015 .