Full coverage· Economy· Updated 20 Jul, 13:02

Israel’s Employment Rate Rises but Remains Below Pre-War Levels After Operation Guardian of the Walls

Israel’s employment rate rose to 60.1% in June but remains below pre-war levels due to ongoing military mobilization and tourism sector struggles. The expanded unemployment rate dropped to 4%, indicating near-full employment after peaking at 16.6% during the conflict’s height in March.

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Israel’s Employment Rate Rises but Remains Below Pre-War Levels After Operation Guardian of the Walls — Illustration by baba

What happened

01Israel’s employment rate rose to 60.1% in June but remains below pre-war levels of 60.5%.
02Expanded unemployment rate fell to 4% in June from 4.1% in May, down from 16.6% in March.
03Classical unemployment rate remained low at 2.8%, reflecting minimal frictional unemployment.
04Employment rate dropped sharply to 51.9% during March conflict peak.
05Recovery is slowed by high reserve military mobilization and tourism sector crisis.
06Employment rate better reflects economic activity than unemployment rate, per Central Bureau of Statistics.