13.Dec .2020 00:00

Unemployment Rate in Israel Stood at 4.7% during Q3 2020

Unemployment Rate in Israel Stood at 4.7% during Q3 2020
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In Q3 2020, the number of persons in the labor force among persons aged 15 and over in Israel was 4.087 million. Of these, 3.893 million were employed and approximately 194,000 were unemployed. The participation rate among persons in the labor force declined to 61.6%, from 61.8% in the previous quarter. 
 
The unemployment rate among persons aged 15 and over from the labor force rose to 4.7%, which was 4.2% in the previous quarter, the recent publication of the Central Bureau of Statistics (CBS) of Israel says.  
 
The employment rate declined to 58.7% (59.2% in the previous quarter). The employment rate among men declined to 62.0% (62.8% in the previous quarter), and the employment rate among women declined to 55.4% (55.7% in the previous quarter).
 
The number of employed persons in the 3rd quarter of 2020 was 3.893 million (3.908 million in the previous quarter). The number of employed persons who usually worked full time (35 hours and over per week) decreased by 0.3% compared with the previous quarter (a decrease of 10,000 employed persons) and the number of employed persons who usually worked part-time (less than 35 hours per week) decreased by 1.1% compared with the previous quarter (a decrease of approximately 9,000 employed persons). The share of those who usually worked full time for all employed persons rose to 79.1% (79.0% in the previous quarter). Among men, that share rose to 87.4% (87.3% in the previous quarter), and among women, it rose to 70.2% (70.0% in the previous quarter).
 
The number of persons who worked full time (35 hours and over) in the determinant week increased by 22.3%, compared with the previous quarter (an addition of 481,000 employed persons), and the number of persons who worked part-time (less than 35 hours) in the determinant week increased by 1.7%, compared with the previous quarter (an addition of approximately 14,000 employed persons). 
 
The number of persons temporarily absent from work all week decreased by 41.6%, compared with the previous quarter (a decrease of approximately 369,000 employed persons). The number of persons temporarily absent from work part of a week decreased by 35.6%, compared with the previous quarter (a decrease of 226,000 employed persons). The share of employed persons temporarily absent from work all or part of a week out of the total employed persons declined to 23.8% (39.0% in the previous quarter). The share of employed persons temporarily absent from work all week out of the total employed persons declined to 13.3% (22.7% in the previous quarter).
 
The number of employees working part time involuntarily rose to 51,700 in the Q3 2020, which was 36,600 in the previous quarter, and their share out of all employed persons rose to 1.3%, from 0.9% in the previous quarter.