Profile of Data for Estimation of Supply and Demand in the Israeli Labor Market

Management of monetary policy for the maintenance of price stability in accordance with the government’s inflation target is the Bank of Israel’s key objective. Concurrently, the Bank concerns itself with macroeconomic issues due to their effect on this target and in view of the Bank’s obligation to support other goals of the government’s economic policy, especially those related to growth and employment. The Bank analyzes and monitors of economic development on a regular basis, and one of the topics of these operations is the labor market, in which the Bank examines not only the equilibrium that the market maintains but also supply- and demand-side developments. In this study, we present and profile the data that are used to estimate supply and demand in the Israeli labor market, assess main market developments, and describe possible additional benefits and uses of these data