The unemployment rate continued to fall in October: 3.4%

The unemployment rate continued to fall last October, to a mere 3.4% of the workforce - a figure that was last recorded in 1978; According to data from the Central Bureau of Statistics (CBS) published on Monday, unemployment figures from last month were also revised down from 3.7% to 3.6%.
According to the data, about 4.1 million people, who are about 62.8% of those aged 15 and over, are defined as participants in the workforce (a decrease from 63.5% in the previous month). Of those, the number of employed persons amounted to 3,961 million - a decrease of 0.7% compared to September.
After publishing the data, Finance Minister Moshe Kahlon said, "We received news of the historic low of unemployment. Low unemployment indicates a strong economy and no less important - a strong company. Every person wants to get up in the morning, go to work and support his family with dignity. This important one, which has both an economic element and a social element. "