Subscribe to Print Edition | Fri., May 30, 2008 Iyyar 25, 5768 | | Israel Time: 02:53 (EST+7) web haaretz.com   Back to Homepage Rosner's Domain Diplomacy Defense Jewish World Opinion National Print Edition Advertising Books Peres Conference Business Real Estate Easy Start Travel Week's End Anglo File

Unemployment hits 13-year low By Moti Bassok The unemployment rate hit a 13-year low in the first quarter of 2008, and now stands at 6.3 percent. The number of jobless fell below 190,000 for the first time in many years, and the number of Israeli unemployed was 184,600 for the quarter, according to Central Bureau of Statistics (CBS) unemployment numbers released yesterday. At the same time, the number of those with jobs grew strikingly, and 155,000 people have joined the workforce since the first quarter of 2007. The level of participation in the workforce, 56.6 percent of those over 15, is a new record for Israel. Advertisement The number of unemployed in the first three months of 2008 fell by 9,800 from the last quarter of 2007 - a 5 percent drop. Compared with the first quarter of 2007, this is a 17.6 percent drop representing almost 40,000 people, and the unemployment rate has reached the level it last saw in the second quarter of 1995. Bookmark to del.icio.us   His Majesty's envoy Report: Bahraini king taps Jewish woman lawmaker as envoy to U.S. Light unto the nations After five months of suspense, the hoopoe is crowned Israel's state bird.

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