Israel’s Unemployment Lowest Since 1990S

The number of unemployed people fell to 195,700. It is the first time the rate has fallen below the 7% level and
 
The Central Bureau of Statistics announced last week that Israel's unemployment fell to a seasonally adjusted 6.7% in Q4/07, compared with 7.2% in the preceding quarter and 7.8% in Q4/06.
 
This is the lowest rate of unemployment in Israel since the early 1990s and the first time it has fallen below the 7% level.
 
Based on seasonally adjusted statistics, the number of unemployed people fell to 195,700, compared with 210,300 in the preceding quarter and a record 248,400 in the corresponding quarter in 2005.
 
The number of unemployed has fallen by 53,000 in two years and by 15,000 per quarter.