Israeli Unemployment Rate Lowest Since Early 1970s


Israel’s unemployment rate has fallen to its lowest in nearly 50 years, reported the Central Bureau of Statistics.

On Wednesday, the bureau released figures for January, showing unemployment at 3.7 percent, compared to 4 percent in the previous month of December 2017. The unemployment rate in January was also lower than the annual average in 2017, which stood at 4.2 percent.

The last time unemployment was this low was in the early 1970s, before the 1973 Yom Kippur War, when it stood at 3.4 percent.




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