Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Israel
LRUN74TTILA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.99
Year-over-Year Change
-56.43%
Date Range
1/1/1995 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Israel measures the monthly unemployment rate among the working-age population in Israel. This key indicator provides timely insights into the health of the Israeli labor market.
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
This monthly unemployment rate series covers the entire civilian labor force aged 15 to 74 in Israel. It is a leading indicator of economic conditions and is closely monitored by policymakers, economists, and investors to gauge the strength of the Israeli economy.
Methodology
The data is collected through household surveys conducted by the Israel Central Bureau of Statistics.
Historical Context
The unemployment rate is a critical metric used to inform monetary and fiscal policy decisions in Israel.
Key Facts
- The unemployment rate in Israel averaged 6.4% from 2000 to 2022.
- The highest recorded unemployment rate in Israel was 12.0% in 2003.
- Israel's unemployment rate reached a low of 3.7% in 2019 before rising during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Israel measures the monthly unemployment rate among the working-age population in Israel.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a key indicator of the health of the Israeli labor market and economy, and is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Israel Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical metric used to inform monetary and fiscal policy decisions in Israel.
Q: Are there update delays or limitations?
A: The data is reported monthly, providing timely insights into the Israeli labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Israel (LRUN74TTILA156N), retrieved from FRED.