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Unemployment moves down to 12.7% as pandemic ebbs

With Israel continuing its tenuous emergence from the pandemic, the Central Bureau of Statistics publishes new data showing unemployment dropped to 12.7 percent in the first half of March, or some 493,000 people.

The figure includes people on furlough due to the pandemic, as well as those who have stopped seeking jobs through the National Employment Service. The figure without the latter — meaning only those actively seeking employment — stands at 9.8%.

Currently, boosted unemployment benefits are to face cuts in May, but Finance Minister Israel Katz has said he will extend them into June.

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