The Central Bureau of Statistics (CBS) announced on 25th May that unemployment in Israel has fallen to an all-time low and the number of employed Israelis has reached an all-time high.
The April jobless rate was just 4.9%; unemployment among men fell from 5.2% in March to 4.9% in April and unemployment among women dropped from 5.4% to 4.7% in the same months.
The number of employed Israelis reached an all-time high in April of 60.9%, or 3.64 million, and the workforce now numbers 1.9 million men and 1.74 million women. Workforce participation in March was 60.2%.
The unemployment rate for men aged 25-64 fell from 4.6% in March to 4.2% in April. The unemployment rate for women in the same age group dropped from 4.7% to 4.2%. Unemployment has fallen by 0.7% since September 2014, and by 3% since 2009. The unemployment rate in Israel reached an all-time high of 11.2% in 1992.