symbol

Unemployment Drops to 5.5% as Israeli Economy Continues to Expand

Unemployment in Israel dropped to 5.5% a 28-year low, in the second quarter of 2011, from 6% in the first quarter. Unemployment among women was even lower, at 5.4%, continuing a trend that began in mid-2009.

In the second quarter of 2010, the average unemployment rate was 6.7%.

According to a recent forecast by the Bank of Israel the average unemployment rate for all of 2011 will be around 5.8%. In 2010, the average unemployment rate was 6.7%.

Israel’s Investment Promotion Centre