Xinhua
21 Jun 2022, 00:48 GMT+10
JERUSALEM, June 20 (Xinhua) -- With 150,600 people registered as jobless in May, Israel's monthly unemployment rate rose to 3.5 percent, according to figures published by the country's Central Bureau of Statistics on Monday.
This is the first monthly increase in the jobless rate since August 2021. Israel registered 3.1 percent in April, the lowest in 42 years.
A main reason for the recent decline is that some employers have stopped recruiting new workers out of worries that economic activities, including consumption, will be declining, Gad Lior, senior analyst for Yedioth Ahronoth daily newspaper told Xinhua.
In a wider definition, which includes another 55,200 people who are temporarily absent from work or were laid off because of the coronavirus pandemic, the unemployment rate in Israel is currently 4.7 percent, according to the bureau.
Get a daily dose of Israel Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Israel Herald.
More InformationISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...