Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Israel
LFHUTTTTILA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133,958.30
Year-over-Year Change
-45.78%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the total monthly unemployment rate for individuals aged 15 and older in Israel. It provides important insights into the country's labor market and overall economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Israel tracks the percentage of the working-age population in Israel that is unemployed and actively seeking work. This metric is a key indicator of labor market health and broader economic performance.
Methodology
The data is collected through household surveys conducted by Israel's Central Bureau of Statistics.
Historical Context
Policymakers and analysts use this trend to inform economic and employment policies.
Key Facts
- Israel's monthly unemployment rate averaged 4.5% in 2022.
- The unemployment rate peaked at 5.3% during the COVID-19 pandemic in 2020.
- Long-term unemployment (27 weeks or more) accounted for 16% of total unemployment in Israel in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monthly unemployment rate for individuals aged 15 and older in Israel. It provides insight into the country's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of economic performance and labor market health, making this trend highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Israel's Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to inform employment and economic policies, monitor labor market conditions, and assess the overall state of the Israeli economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Israel (LFHUTTTTILA647N), retrieved from FRED.