Unemployment rose to 4.2% in July

The unemployment rate rose slightly from 4.0% in June to 4.2% in July for those aged 15 and above, according to the Central Bureau of Statistics’ Labor Force Survey. This is the first time since November 2017 that the rate increased, where the unemployment was 4.3%, reported Ynet.

However, the study also noted the unemployment rate among those age 24-65 declined in July to 3.4%, compared with 3.6% in June.

The number of people aged 15 and over who are currently in the labor force rose to 4.067 million as of July 2018. Of those, 3.898 million were employed and approximately 169,000 were unemployed, according to the report. Among those employed, 1.868 million were females and 2.031 million were males.

For females aged 15 and over, the unemployment rate rose to 4.2% compared with 3.9% in June 2018; the unemployment rate for males rose to 4.1% compared with 4.0% in June 2018.

The employment rate, which is the number of those employed out of the total population aged 15 and above, declined from 61.4% to 61.2% from June to July 2018.

The number of full-time workers, employed a minimum of 35 hours weekly, fell by 0.8 percent compared with June 2018 – a decrease of 24,000 employed persons; while the number of employed persons working part-time, less than 35 hours a week, increased by 2.3% compared with June 2018 – an addition of approximately 19,000 employed persons.

The percentage of employed persons who usually work full-time out of all employed persons fell to 77.6%, compared with 78.1% in June.

In comparison, the United States of America’s unemployment rate as of July 2018 was 3.9%, according to the Bureau of Labor Statistics.

The report, the main source of information regarding employment and work in Israel, includes the permanent population of Israel, tourists, and temporary residents who have lived in Israel for more than a year.