Israel’s unemployment rate declined to 6.2% on average last year, down from 6.9% in 2012 even as the number of adults in the labor force grew, the Central Bureau of Statistics reported yesterday.
The jobless rate fell sharply to 5.7% in the final quarter of 2013 from 6% in the third quarter, but the rate edged higher in December to 5.8%, from 5.6% the month before, the bureau said.
The 2013 figure means unemployment in Israel was among the lowest of the 34 countries in the OECD (Organization for Economic Cooperation and Development). It declined even though the percentage of people holding a job or actively seeking one grew to 63.7%, an 0.1% increase over 2012, the bureau said.
Want to enjoy 'Zen' reading - with no ads and just the article? Subscribe todaySubscribe now