Unemployment rate in Israel hits historic all-time low of 4.8%

May rate down from 4.9% in April, says Central Bureau of Statistics report • Since 2012, the number of unemployed Israelis has decreased by 31.4% • Data shows 77.1% of Israelis are salaried employees, and that among them, 77.9% have full-time jobs.

צילום: Rafael Ben-Ari // Jobless rates among Israelis ages 25 to 64 reach an all-time low of 4.1% [Illustrative]

Unemployment rates in Israel have hit an all-time low, a new report by the Central Bureau of Statistics said Thursday. The figures reflect a steady decrease of an aggregated 2.2% in jobless rates since 2012.

The unemployment rate in May was 4.8%, compared to 4.9% in April and 5.3% in March.

According to the data, since 2012, the number of unemployed Israelis has decreased by 31.4%, from 277,083 to 190,000.

Jobless rates among Israelis ages 25 to 64 marked an all-time low as well, at 4.1% in May, compared to 4.3% in April. Unemployment among men in this age group was 4.8%, while unemployment among women in this age group was slightly higher, 4.9%.

The CBS also found that 77.1% of adult Israelis, or 3.74 million people, were salaried employees, and that among them, 77.9% had full-time jobs.

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