Israel's Unemployment Rate Edges Up in September Amid Mixed Labor Market Signals
Translated & summarized from Maariv by baba
Israel's unemployment rate saw a slight increase in September, according to the Central Bureau of Statistics. While the overall employment rate improved, absences due to economic reasons also rose. However, a significant drop was recorded in absences related to military reserve duty, especially among men.
The story in 5 lines · by baba
- Israel's unemployment rate saw a slight increase in September.
- The employment rate in Israel improved slightly in September.
- Absences from work for economic reasons increased in September.
- Absences due to military reserve duty decreased significantly in September.
- The decline in reserve duty absences was most notable among men.
Israel's Central Bureau of Statistics reported a slight increase in the unemployment rate for September, alongside an improvement in the employment rate. The data reveals a mixed picture in the Israeli labor market, with a moderate rise in unemployment and economic absences contrasted by an increase in employment and a significant decrease in absences due to military reserve duty.
The employment rate, excluding those absent for the entire week for economic reasons, rose from 60.2% in August to 60.4% in September. However, the percentage of workers absent from work for a full week due to economic reasons increased from 2.3% to 2.6% during the same period. Further analysis by gender shows that while male absences for economic reasons slightly decreased from 3.6% to 3.5%, female absences for economic reasons saw an increase from 1.8% to 2%.
Concurrently, absences from work due to military reserve duty declined from 3.6% in August to 3% in September. This decrease was particularly pronounced among men, with their reserve duty absences dropping from 11% to 7.4%. Female absences for reserve duty also fell, from 0.6% to 0.3%.
