Unemployment Rate Rose to 6.3% in June

Even though unemployment has been rising for a number of months in Israel, it is still low in comparison to other developed nations.

Tomer Appelbaum

The unemployment rate in Israel rose from 6% in May to 6.3% in June, with most of that increase coming from newly jobless men, the Central Bureau of Statistics reported on Thursday.

The unemployment rate among those over 15 years old grew from 5.8% in the first quarter of 2014 to 6% in the second quarter, but the workforce participation rate grew both in June and in the second quarter of the year as a whole.

Even though unemployment has been rising for a number of months in Israel, it is still low in comparison to other developed nations.

The Israeli workforce numbered 3.8 million people in June, including the 241,000 unemployed — which gives a workforce participation rate of 64.7%. This figure was up from 64.2% in May.

The employment rate — those aged 15 and older who are working — hit 60.6% in June, up from 60.4% in May. For those aged 25 to 64, the ages of the primary workforce, participation rates were 79.6% for the second quarter, down slightly from 79.7% in the first quarter. The unemployment rate for workers of these ages was only 5.3% in the second quarter, up from 5.1% in the first quarter.

The number of people employed full time (35 hours a week or more) fell by 0.5% from the first quarter of the year, some 13,000 workers, while the number of part- time workers rose by 0.9%, or 7,000. The average number of weekly working hours fell in the second quarter to 35.5 hours from 36.1 hours in the first quarter of 2014.

The number of people working part-time despite wanting full-time work reached 123,000 in the second quarter, a 3.3% increase from the first quarter; and made up 3.5% of the employed.