Unemployment Figures in Israel Continue to Rise

September 15, 2020

by: Shaked Eilat

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Unemployment in Israel continues to rise (illustrative)

Tuesday, 15 September 2020 | Israel’s rate of unemployment for job seekers and workers on unpaid leave due to the coronavirus pandemic fell slightly in August to 9.8%, compared with 10.3% in July, according to data released Monday by the Central Bureau of Statistics (CBS).

The unemployment rate, however, rose to 5.4% compared to 5.1% in the previous month. The figures are expected to change dramatically in the coming month due to the closure that will begin on Friday and last for at least three weeks.

CBS data shows that the number of unemployed rose to 223,400 in August, compared to 209,300 in July.

The Employment Service continues to have different data on the number of unemployed and workers on unpaid leave to the CBS data. According to the Employment Service, there are currently 738,256 registered job seekers, of which 422,377 are on unpaid leave.

The Employment Service has consistently published significantly higher jobless figures than the CBS, as it is believed those placed on unpaid leave are quicker to register with the Employment Service than those who declare they have returned to work.

According to the CBS, less than two-thirds (62.2%) of Israelis aged 15 and over were part of the workforce. The number of Israelis who do not participate in the workforce (those who do not seek work at all) stood at 2,508,000 or 37.8%. This is a relatively low rate for developed countries.

Action
As Israel heads into yet another three-week lockdown, the atmosphere is fraught with tension, anxiety and loss. The memory of the previous lockdown and its devastating effects on the economy and individual livelihoods is still fresh in the minds of countless Israelis. The poor and the newly poor (formerly middle class) have not recovered from the blow that left many destitute—and now fear being sucked into a perpetuating downward spiral. On top of that, the poverty-stricken elderly, Holocaust survivors, new immigrants and widows who eagerly looked forward to the coming holidays as a silver lining in a sky packed with dark clouds, now dread the time traditionally set aside for family and joy. Many go into the three-week lockdown with empty cupboards and no way to put food on the table. At Bridges for Peace, we are called to come alongside Israel during these trying times, to bless them with food, peace of mind and the comfort of knowing that Christians around the world care for them. Will you help us help them?

Posted on September 15, 2020

Source: (Excerpt from an article originally published by Ynetnews on September 14, 2020. Time-related language has been modified to reflect our publication today. See original article at this link.)

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