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High-Tech Israeli Girl |
Israel’s unemployment rate declined to its lowest level in almost three years as an expanding economy led to the creation of new jobs.Unemployment fell to 6.1% in January, as the number of Israelis out of work dropped to 189,300. Unemployment had dropped as low as 5.9% in the second quarter of 2008 - just prior to the financial crisis. Before that, unemployment was last at 6.1% in 1995.
The drop in unemployment is consistent with many other encouraging macroeconomic figures, including the GDP, the State of the Economy Index, consumption and export data, all of which indicate robust economic activity. Israel’s index of leading economic indicators rose a preliminary 0.4% in February, led by exports of goods and services and manufacturing.
