Unemployment drops to 5 percent

By JPOST.COM STAFF
December 26, 2011 16:58

The unemployment rate for October fell to 5 percent, the Central Bureau of Statistics announced Monday.

The figure represents the lowest unemployment rate in 30 years, Army Radio reported.  Unemployment dropped from 6.5% in October 2010 and 7.5% a year prior.

The Bureau emphasized that the statistic was preliminary, and will likely be adjusted to reflect new data in the coming months.


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