March jobless rate up slightly, but only due to technicality

01.05.2012                      09.Ijar. 5772                    Tag 24 des Omer

Arbeitslosenrate:

March jobless rate up slightly, but only due to technicality

New measuring techniques, not firings, pushed March rate to 6.9%.

The unemployment rate rose to 6.9% in March, up 0.2% from February, but a Central Bureau of Statistics official said this was due to recent changes in the way unemployment is measured, not because more people were out of work.
Current unemployment figures are based on a new system that Israel instituted to bring the country's economic statistics in line with leading Western countries. It has resulted in a dimmer picture of the country's labor sector, but one that is still bright compared to many other Western countries….