A dramatic drop of more than 1% was recorded in unemployment in the first half of March

A dramatic drop of more than one percent was recorded in unemployment in the first half of March, exactly two years after the corona crisis. This emerges from data from the Central Bureau of Statistics' Labor Force Survey for the first half of March, which are published on Monday. This decline comes after a shuffle in unemployment in the first two months of the year. The data appear to be evidence of the great success of the policy of non-closure of the economy and the education system at all costs of the government.
The unemployment rate according to the CBS 'extended calculation fell from 5.8%, which is 249,000 people in the second half of February, to 4.7%, which is only 201,000 unemployed in the first half of March. The unemployment rate, according to the limited classic calculation, fell from 4%, which is 169,000 in the second half of February, to 3.2%, which is 136,000 in the first half of March. It is normal in Israel. This is a particularly low unemployment rate that is considered frictional unemployment due to job changes and in fact almost no unemployment at all. It now remains to be seen whether this low figure will be maintained in the second half of March.
The extended calculation also includes people who are in the IDF as well as Corona unemployed people who are not looking for work. There is controversy as to whether people who are not looking for work should still be defined as unemployed or should be treated as outside the labor force. % To 1.2%) can teach that these are desperate and they really do not see themselves as part of the workforce.
The employment rate excluding people on unpaid leave rose from 61.4% in the second half of February to 61.8% in the first half of March.