The unemployment rate in Israel is once again at its historically lowest rate — 3.7%. The rate, which had gone up to 4.1% in July, and dropped back to 3.8% in August, went down to 3.7% in September. The only negative data...
Unemployment for those 15 and older dropped from 3.8% in the month of April to 3.6% in the month of May. For those aged 25-64, unemployment fell to 3.2%. This constitutes the lowest unemployment rate in the last forty years. These numbers...
The Central Bureau of Statistics (CBS) released initial figures for economic growth during the second quarter of 2019. CBS showed a growth rate of only 1% during Q2, a marked decrease from 4.7% rise seen in Q1. The number is a little misleading. Economic growth reported...
According to IVC Research Center, 2019 was a record year of exits for Israeli corporations, garnering an annual total of $21.7 billion. There were 138 deals in total, with the largest single deal being the acquisition of Mellanox by Nvidia for $6.9...
New cars photo by kaysgeog
A total of 158,000 cars were imported into Israel during the first half of 2019. This represents a drop of 3% from the first six months of 2019. This decline continues a slow drop in the sale of...
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In 1965, when I visited Tel Aviv for the first time, it sported the newly completed Shalom Tower. The majestic skyscraper stood 34 floors high and was said to be the tallest building in Israel and the Middle East — a...
On Sunday evening, Prime Minister Netanyahu made the final decision to close Sde Dov Airport. The decision to abolish the airfield, located inside Tel Aviv along the beach, was vehemently opposed by the people of Eilat, as well as, by the Tel...
The average wage in Israel continued to rise, and stood at NIS11,004 in July, which represents an increase of 3.4% over the year before. While this is good news for the Israeli economy as a whole, most of the increase took place...
The Central Bureau of Statistics reported very mixed results in the housing sector. Builders sold 5,750 new dwellings during the first three months of 2019, which represents a decrease of 11.4% from the last three months of 2018. However, that same number...
Everyone talks about the enormous cost of just about everything in Tel Aviv (and in Israel, in general). So, as an experiment, I decided to compare prices in one very specific sector — i.e. American fast food. For many years, economists loved...
