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Friday, May 27, 2005

Israeli unemployment at 5-year low

Very good news, showing better than anything that the intifada didn't do the damage that the Arabs hoped.
Unemployment in Israel in the first quarter of 2005 has fallen to its lowest level in five years, before the outbreak of the intifada in September 2000. The unemployment rate fell to a seasonally adjusted 9.1% in the first quarter, down from 9.8% in the preceding quarter and 10.9% in the first quarter of 2004, the Central Bureau of Statistics reported today.