Unemployment falling

The Central Bureau of Statistics (CBS) reported last week that unemployment is falling faster than originally expected.
 
The CBS noted that unemployment rate fell by 0.1% to 9.8% in February 2005, its lowest level since the intifada broke out four years ago. Unemployment was 9.9% in January 2005 and 10% in the period November-December 2004.
 
CBS Figures indicate that unemployment rate in Israel is falling by 0.1% per month. Since hitting a peak of 10.9% in December 2003, the unemployment rate has fallen by 1.1%, with 29,524 fewer unemployed. In February 2005 there were 263,000 unemployed, 2,684 fewer than in the preceding month.
 
The CBS predicted that unemployment rate will reach 9% by the end of 2005, to 241,000 unemployed.