27.12.2011                      1.Tewet. 5772                       Channuka 7                      Rosch Chodesch 2

Arbeitsmarkt:

Joblessness falls to just 5%: Unemployment at its lowest level since 1978

October unemployment in 2010 stood at 6.5% of the civilian workforce, while in October 2009, it was 7.5%.

Despite the slowdown in economic activity and a decline in most economic indexes, the unemployment rate in Israel in October was just 5%, the lowest since 1978's 4.3% jobless level. The October rate, which was released on Monday by the Central Bureau of Statistics, translates in human terms into 155,200 Israelis who were seeking employment in October.
October unemployment in 2010 stood at 6.5% of the civilian workforce, while in October 2009, it was 7.5%. The CBS defines someone as unemployed if he or she did not work at all during a specifically designated week despite being available to work in an appropriate job and even though he or she actively looked for work in the prior four weeks. The 5.0% unemployment rate in October declined from 5.1% in September and 5.2% in August. It was 6.2% in January….