Unemployment in Israel dropped to 4.8% in the second quarter of 2016, down from 5.2% in the previous quarter, the Central Bureau of Statistics said Thursday. CBS data also showed that the percentage of Israelis age 15 or older in the workforce has not changed from the first quarter of the year, and still stands at 64.2%. Among that sector, 61.2% were employed in the second quarter of 2016, compared to 60.8% in the previous three months. The number of unemployed Israelis aged 25-64 stood at 4% in the second quarter, compared to 4.5% in the first quarter of 2016. That sector comprised 80.1% of the country's total workforce in the second quarter of 2016, compared to 79.7% in the first quarter. The number of unemployed males age 15 or older dropped from 4.7% in May to 4.6% in June. The number of unemployed females age 15 or older held steady month-to-month and stood at 4.9%. The number of Israelis age 15 and older who held jobs stood at 61.6% in June, unchanged from May. The employment rate among men dropped very slightly to 66% in June, from 66.1% in May. The employment rate among women did not change from May to June, holding at 56.4%. The employment rate among men increased (69.2% in the second quarter of 2016 compared to 68.9% in the first quarter), whereas the employment rate among women dropped from 59.7% in January-March to 59.5% in April-June. All in all, the total number of Israelis holding jobs increased to 3.73 million in the second quarter of 2016, compared to 3.69 million in the previous quarter. CBS findings also showed the Jerusalem district had the highest unemployment rate in the country in the second quarter, standing at 6.5%, although it was down from 6.9% in the first quarter of 2016. The Tel Aviv district boasted not only the lowest unemployment rate in the country, but also a significant drop from 4.5% in the first quarter to 3.4% in the second quarter. Unemployment also dropped significantly in the Southern District, stood at 5.4% in the period between April and June compared to 6.4% in the period between January and March. The Northern District registered 5.7% unemployment in the second quarter compared to 6% in the first quarter; the Haifa District had 5.7% unemployment in the second quarter compared to 5.8% in the first quarter; and the rate of unemployment in the Central District remained unchanged from the first quarter of 2016, standing at 3.9%.
Good news: Unemployment in Israel drops to 4.8% in Q2 of 2016
Unemployment down from 5.2% in first quarter • Jerusalem has highest rate of unemployment, Tel Aviv has the lowest • Unemployment dropped in both Tel Aviv and the south of Israel in the second quarter • 61.2% of Israelis age 15 and older are employed.
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