Israel jobless rate slips to four percent in August

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Israel’s unemployment rate was 4.0 percent in August, down from 4.1 percent in July, the Central Bureau of Statistics said on Monday.

The number of employed gained 0.6 percent to 3.922 million, with 61.5 percent of those aged 15 and over having jobs, up from 61.2 percent in July.

Full-time employment rose 0.1 percent from July, while part-time employment increased 2.4 percent. The participation rate in the labour force of those 15 andolder edged higher to 64.0 percent in August.

Boosted by a strong labour market, Israel’s economy grew 3.5 percent in 2017, with the central bank saying Israel was at full employment. Growth is expected around 3.5 percent in 2018.

In the second quarter, Israel’s jobless rate <ILUNR=ECI>stood at 3.9 percent.

ERUSALEM (Reuters)

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