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.

Moti Bassok
Moti Bassok
The unemployment office in Tel Aviv.
The unemployment office in Tel Aviv.Credit: Tomer Appelbaum
Moti Bassok
Moti Bassok

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.

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