CBS: Unemployment falls in third quarter

Despite the economic slowdown, unemployment fell to 6.7 percent in the third quarter from 6.9% the previous quarter.

October 31, 2012 23:28
1 minute read.
People stand in line at the Employment Authority.

unemployment 311. (photo credit: Ariel Jerozolimski)

Despite the economic slowdown, unemployment fell to 6.7 percent in the third quarter from 6.9% the previous quarter, the Central Bureau of Statistics reported Wednesday.

The statistics bureau issued monthly and quarterly figures simultaneously, reporting that the unemployment rate remained unchanged at 6.8% in September.

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Labor-force participation dropped to 64.1% from 64.3% in September, although it rose to 64.2% from 63.6% for the quarter.

The figures were released on the same day as the Manufacturers Association predicted that gross domestic product would grow by 2.7% and unemployment would rise to 7.7% next year. The unemployment rate was based on a forecast of 23,000 extra jobless per month in 2013.

According to the statistics bureau’s report, the number of people in the labor force reached 3.651 million in September.

Of these, 3.402 million were employed and approximately 249,000 were unemployed. Among the employed, 1.787 million were males (1.799 million in August) and 1.615 million were females (1.608 million in August).

Employed people worked an average of 35.8 hours per week in the third quarter, compared with 36.6 hours in the previous quarter. The number of employees who involuntarily worked part time (i.e., those who unsuccessfully sought full-time or additional work) rose 2% to 108,000 in the third quarter.

The unemployment rate declined in most districts in the third quarter, with the exception of Tel Aviv and the South. It reached 7.8% in the Jerusalem District (compared with 7.9%), 9.6% in the Northern District (compared with 10.5%), 6.4% in the Haifa District (compared with 7.6%), 5.5% in the Central District (compared with 5.6%), 5.8% in the Tel Aviv District (compared with 5.4%) and 7.7% in the Southern Dist

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