BREAKING NEWS

Unemployment rate below 3% for first time since COVID began

Israel's unemployment rate stands at 2.9%, breaking below the 3% threshold for the first time since April 2020, a month into the pandemic, according to a Central Bureau of Statistics (CBS) report about the first two weeks of April.

The number is down from 3.7% unemployment during the last two weeks of March.

The stats do not include the percentage of workers who are temporarily not working due to COVID-19 (0.3%) and those who stopped working in March 2020 due to being fired or whose workplaces shut down and have returned (2.1%).

Added together the unemployment rate is 4.4%, down from 5.3% of similar criteria during the last two weeks of March.

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