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Sharp drop in unemployment: 7.6% - the lowest figure since the beginning of the corona

Unemployment in Israel is down: 7.6% in the last two weeks of July, the lowest unemployment rate since the peak of the crisis.

Lieberman responds: "The Israeli economy is on a rapid recovery trend thanks to the steps we are taking"

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• unemployment

• CBS

• Report

• Avigdor Lieberman

• Minister of Finance

Walla!

Of money

Monday, 16 August 2021, 13:03 Updated: 13:20

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In the last two weeks of July, the unemployment rate in Israel reached only 7.6%, the lowest level since the outbreak of the corona plague.

This is according to a report by the Central Bureau of Statistics published today.

Numerically, there are 323,000 unemployed, of whom about 60,000 returned to work during July.

The data in the new report constitute a kind of "correction" after the previous report for the first two weeks of July showed a slight increase in unemployment, up to a level of 9% - contrary to all forecasts.

The number of hostels in Israel peaked with the first wave of the corona, when the closure policy began.

The number of unemployed in May 2020, towards the end of the first closure, was about 1.09 million unemployed (26.6% unemployment), now the number, as stated, stands at 323,000, the lowest since the outbreak of the crisis.

The decline is attributed to the government's decisions to discontinue the Khalal outline in its previous format, which forced many workers, especially young people, to return to the labor force.

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Finance Minister Avigdor Lieberman.

Celebrates the data that shows the success of the ceasefire policy (Photo: Flash 90, Yonatan Zindel)

"This tune can not be stopped"

The Minister of Finance, Avigdor Lieberman

, welcomed the data: "This tune cannot be stopped. The unemployment data show that the Israeli economy is on a rapid recovery trend thanks to the steps we are taking, including changing the outline and providing differential assistance to those who need it.

Our investment in preventive measures to close will lead to a continued acceleration of growth, an increase in the employment rate and an improvement in productivity in the economy. "

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