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Unemployment hits historic low

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Saturday, July 2nd, 2011

As reported in Globes.co.ilThe unemployment rate fell to 5.8% in April, down from 5.9% in March, the Central Bureau of Statistics reports.

The rate of unemployment in Israel fell in April to 5.8%, the Central Bureau of Statistics reported today. This is an all-time low, beating the previous historic low for unemployment of 5.9% in the summer of 2008.The unemployment rate is down from 5.9% in March and 6% in February. At the end of May, the Central Bureau of Statistics reported that unemployment in the first quarter of 2011 was 6%, when there were about 192,000 people unemployed. In the fourth quarter of 2010 unemployment was 6.5%.

The Central Bureau of Statistics reported that in the first quarter of 2011 there were 3,187,000 people in Israel’s workforce. 57.4% of Israelis over the age of 15 are part of the workforce – 62% of men (compared with 62.2% in the preceding quarter), and 53% of women (compared with 53.3% in the preceding quarter).