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ISRAELI UNEMPLOYMENT DROPS TO 5.8%

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Monday, June 6th, 2011

Israel’s unemployment figure dropped by about 2 percent as 60,000 job seekers found employment over the past two years. With only 185,000 people out of work, Israel’s unemployment figure is near an all-time low.

The majority of the unemployed were absorbed by the high-tech sector. Due to rapid growth of the Israeli market, and of the high-tech, industrial and construction sectors in particular, a further drop in unemployment is expected in coming months.