According to numbers released by Israel's Central Bureau of Statistics, Israel's unemployment rate rested at 5.3 percent in March. This was the same average from February, which had dropped from 5.6 percent in January. Port 2 Port explained that this is a record-low jobless rate for the nation.
In March, the number of people in the Israeli workforce was 3.788 million, and 202,000 of them were out of work. Overall labor participation fell from 63.9 percent to 63.5 percent. Demographically, the unemployment rate among women rose from 5.3 percent to 5.5 percent, while the jobless average among men dropped from 5.3 percent to 5.1 percent.
In the first quarter of 2015, Israel's unemployment rate averaged at 5.4 percent. Labor participation for workers over the age of 15 was 63.8 percent, and 77.9 percent of employed people were working full-time. The number of workers in the country grew by 6,000 people between the end of 2014 and the first quarter of 2015. During this time, the largest increases occurred in accommodation and food services, construction and financial activities, manufacturing, water supply, sewerage, waste management and remediation activities, professional, scientific and technical services, and the health care industry.