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Unemployment rate is lower than reported Israel today

2020-08-23T08:58:27.651Z


| economyThe Employment Service published last week that the number of unemployed is about 860,000 people • But the Social Security survey shows that about a third of them are actually employed The Employment Bureau in Jerusalem Photo:  Oren Ben Hakon An examination by the National Insurance Institute shows that the number of unemployed in the country is lower than reported. While the Employment Servi...


The Employment Service published last week that the number of unemployed is about 860,000 people • But the Social Security survey shows that about a third of them are actually employed

  • The Employment Bureau in Jerusalem

    Photo: 

    Oren Ben Hakon

An examination by the National Insurance Institute shows that the number of unemployed in the country is lower than reported. While the Employment Service announced last week that the number of unemployed in Israel stands at about 860,000, the Social Security survey shows that about a third of them, about 300,000 people, are no longer unemployed and actually employed, while another 100,000 are not entitled to unemployment benefits, ie can not To be defined as unemployed.

After deducting these data, findings are obtained that correspond to those of the Central Bureau of Statistics (CBS), according to which the proportion of people absent from work (unemployed + sick) is 10.3%, ie about 420,000 people. These are temporary data based on the CBS survey for the second half of July.

The workforce rate of those who stopped working due to layoffs or closure from March to July, plus those employed who were temporarily absent from work all week for reasons related to the Corona virus and the unemployed was 11.9% - 496,600 people compared to 11.5% the previous month - 480,500 people.

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As for the second half of July compared to the first half of the month, among those aged 15 and over, the unemployment rate was 5.7%, which is 230,500 people compared to 5.2% in the first half of the month - 210,200 people.

The labor force rate of employed persons who were temporarily absent from work all week due to reasons related to Corona in addition to the unemployed was 10.9%, which is 437,800 people. This is compared to 10.5% in the first half of July - 426,900 people.

Source: israelhayom

All news articles on 2020-08-23

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