According to information released by Central Bureau of Statistics, Israel's unemployment rate dropped in the last quarter of 2014.
The nation's final jobless rate at the end of the year was 5.9 percent, a notable drop from the end of 2013, when 6.2 percent of the population was looking for work. Overall, the nation's workforce expanded by 223,000 over the course of 2014 to its current number of 3.78 million workers. Roughly 64 percent of the country's adult population is currently employed, up from 63.7 percent at the end of 2013.
Notably, 2014 was a good year for Israel's female workforce. The number of employed women jumped an entire percentage point between December 2013 and December 2014 to its current figure of 59.2 percent. The male population has a higher rate of employment, at 69.5 percent, but experienced much smaller growth during 2014. Haaretz noted that the country's workforce, which traditionally worked more hours than other developed nations, saw a decline in average work week time as well. At the end of December it was 35.6 hours, down from 35.9 hours 12 months earlier.