Unemployment rate down to 16.7% as economy reopens

The Central Bureau of Statistics says the unemployment rate has dropped slightly since the lockdown started gradually being eased last month.

While last month the rate stood at 18.4%, it is now 16.7% — 698,500 Israelis without work or on unpaid leave, the vast majority of them due to the pandemic and the havoc the lockdowns have wreaked on the economy.

The data also shows some 131,000 Israelis haven’t worked at all since March 2020, when the country’s first lockdown was imposed.