The last time that the unemployment rate was this low was in March 2008.
The unemployment rate fell to 6.1% of the civilian labor force in January 2011 from 6.3% (revised) in December 2010, the Central Bureau of Statistics reported today. The unemployment rate was 7.1% in January 2010.
The Central Bureau of Statistics also revised the unemployment rates for October and November downward to 6.5% and 6.4%, respectively.
The last time that the unemployment rate was at 6.1% was in March 2008.
The January 2011 figure is a trend figure, and therefore provisional. Final figures will be released in the Labor Survey for the first quarter. Nonetheless, the figure is consistent with many other macroeconomic figures, including GDP, the State of the Economy Index, consumption and export data, all of which indicate robust economic activity.
Published by Globes [online], Israel business news - www.globes-online.com - on March 24, 2011
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