Unlike U.S., Europe, Chronic Unemployment in Israel at Historic Low

Unlike U.S. and Europe, Israel’s labor market is strong, but at a cost of gaping wage disparities and workforce inequality.

One dismal statistic is souring the picture of accelerating growth in the American economy and the declining unemployment rate: The proportion of long-term jobless among the United States population has barely shrunk and is still at nearly its highest level since long-term unemployment rates began to be measured in 1948.