World

Israel jobless rate rises to 4.2pc in October

Published November 23, 2017 Updated November 23, 2017 04:31pm

The number of employed rose 0.2 percent to 3.85 million, with 61.4 percent of those aged 15 and over having jobs, unchanged from September.

Full-time employment -- 77.8 percent of the workforce -- slipped 0.1 percent from September, while part-time employment dipped 0.3 percent.

The participation rate in the labour force of those 15 and older held steady at 64.0 percent in October.

Boosted by a strong labour market, Israel's economy grew 4 percent in 2016 but growth is forecast to slow to around 3 percent this year.

In the third quarter, Israel's jobless rate fell to 4.1 percent from 4.4 percent in the second quarter.

 

Copyright Reuters, 2017