Unemployment data: employment rate returned to pre-Corona crisis level Israel today

The decline in the unemployment rate in the economy continues:

According to the Central Bureau of Statistics, in the second half of December the unemployment rate fell to 3.9%, which is 165,000 unemployed compared to 4.5% in the first two weeks of December.

Thus, the employment rate reached its pre-Corona crisis level.

The average unemployment rate during December was 4.1%, compared with 4.6% in November.

Despite the numerical decline in the unemployment rate, in practice many business owners in the restaurants and trade sector are still lamenting that they are unable to recruit workers - a phenomenon that worsened during the IDF. The optimistic employment data published today (Monday) Of all time.

Lieberman replies to business owners: "The economy is booming, those who are entitled to assistance - will receive it" // Photo: Knesset Channel

Last month, the number of net wage earners was 3.652 million, a figure 0.4% higher than in March 2020, before the corona crisis and its effects on the Israeli economy, where the number of wage earners was 3.650 million.

The unemployment rate in the broad definition of the CBS, which includes those laid off due to the closure of the workplace from March 2020 and the employed who were temporarily absent from work all week due to reasons related to the Corona virus, fell in the second half of December from 6.3% to 5.8%.

Data from the net salary of Masab, a banking clearing center, show that in December 2021, employment in the Israeli economy reached a new peak and for the first time since the outbreak of the corona crisis, the number of net wage earners was higher than in March 2020, before the corona crisis.

Employment Service Bureau, Archive, Photo: Yehoshua Yosef

Masab operates the instant payment infrastructure in Israel and in the field of wages transfers about 90% of the total salaries in the economy. The amounts stated are the net amounts transferred to the bank accounts of the salary recipients. 10 in the following month.

A summary of 2021 shows that the employment market has managed to recover from the corona crisis in the past year, when the number of wage earners and the volume of wage payments were higher than in 2019. The company also shows that the average net wage paid in December was NIS 7,339.73.

This figure is a decrease of 0.1% compared to the average salary in December 2020, which was NIS 7,353.85.

The average net salary for March 2020 was NIS 6971.11.

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