November Records Another Drop in Unemployment Rates
According to the Central Bureau of Statistics, unemployment in Israel decreased to 2.8% in November from 3.1% in October. This data excludes those serving as army reservists without civilian employment and those currently on unpaid leave. The broader unemployment figure, which does include those on unpaid leave, was at 8.5% in November compared to 9.6% in October. This decrease highlights the return to work of about 50,000 individuals who were previously on unpaid leave. The labor force participation rate also saw a slight decrease from 61% in October to 60.5% in November, indicating that approximately 44,000 people had left the workforce.
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