Israel's Unemployment Rate Rises in September
Translated & summarized from Davar by baba
Israel's broad unemployment rate climbed to 4.4% in September, affecting 203,800 people, a rise of 0.5 percentage points from August. The official unemployment rate for active job seekers also increased to 3.2%. The number of discouraged workers saw a substantial jump to 23,300. These figures were released by the Central Bureau of Statistics.
The story in 6 lines · by baba
- Israel's broad unemployment rate rose to 4.4% in September, totaling 203,800 individuals.
- This represents an increase of 0.5 percentage points and 24,400 people compared to August.
- The official unemployment rate for active job seekers stood at 3.2%, or 143,800 people.
- Discouraged workers increased significantly to 23,300 in September.
- The ratio of available jobs to job seekers was approximately 97 to 100.
- Data was released by the Central Bureau of Statistics on Monday.
Israel's broad unemployment rate increased to 4.4% in September, representing 203,800 individuals. This marks a rise of 0.5 percentage points and 24,400 people compared to August, according to data released by the Central Bureau of Statistics. The broad unemployment measure includes those actively seeking work, individuals temporarily absent from their jobs due to economic reasons (primarily on unpaid leave), those laid off in the past two years who are not currently seeking employment, and individuals who have given up looking for work.
The official unemployment rate, which tracks those actively seeking work and remaining unemployed, stood at 3.2% in September, totaling 143,800 people. This figure also saw an increase, up by 0.3 percentage points and 12,800 individuals from the previous month. The ratio of job seekers to available positions was approximately 97 open positions for every 100 job seekers.
Further details from the report indicate a significant increase in discouraged workers, those who are willing to work and have sought employment in the past year but not recently, rising to 23,300 in September from 14,000 in August. The number of individuals temporarily absent from work due to economic downsizing was 12,200 in September, a slight decrease from 12,800 in August. The count of individuals laid off in the last two years who are not currently seeking employment rose to 27,300 in September, up from 23,200 in August.
