In defiance of the anti-Israel BDS movement (Boycott, Divestment and Sanctions), diplomatic pressure, regional and global geo-political instability, continued global economic uncertainties and the overall anti-Israel talk brouhaha, Israel demonstrates a robust walk, as evidenced (and impacted) by an expanding net-immigration and a faster-than-expected economic recovery from the 2014 war on Hamas terrorists in Gaza.
According to the February 3, 2015, Economist Intelligence Unit, “the July-August war in Gaza appears to have had only a transient effect on the economy…. Private sector job creation has played a more significant role with strong expansion. Employment in this relatively well-paid category rose by 5.2% year on year…. The fall in the unemployment rate comes despite a rise in the participation rate among the core 25-64 year age group from 75.1% in the third quarter of 2013 to 75.8% in the final quarter of 2014, and a modest increase in the share of full time employed persons…. The unemployment rate averaged 5.9% in 2014, compared with 6.3% in 2013, having fallen to a record low of 5.7% in the final quarter of 2014…. The unemployment rate in Israel compares well with the 7.2% among OECD member states….”