Daily Israel Report
14:58
Reported

News Brief

  8/29/2012, Elul 11, 5772

Minister of Trade: Employment Data Positive


Minister of Trade and Labor Shalom Simchon addressed the Knesset Wednesday, responding on the government’s behalf regarding employment issues. The data shows positive employment trends, he said.

Unemployment stands at 7.2%, roughly equal to the 2011 average of 7% and lower than the average rates in 2009 and 2010. Workplace participation is up, with 63.5% of Israelis in the workforce this year compared to 62.5% in 2010 and 2011.

In total, he said, the number of people in the workforce has grown by 314,000 in two years.