Israel’s jobless rate surges to 16.5% as virus puts 500,000 out of work
Sunday, March 22, 2020 | Tag Cloud Tags: Israel, News, PLO, virus, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – The unemployment rate in Israel has skyrocketed to 16.5 percent, with over 500,000 people losing their jobs since the start of March, the Employment Service said Sunday.
The unemployment rate was 3.6% in the fourth quarter of last year, according to the Bank of Israel.
Many Israeli businesses have been forced to put their staffs on unpaid leave or lay people off as regulations closing borders and restricting movement have obliterated tourism and service industries, leading to thousands of people per day applying for unemployment benefits. [ Source: Times of Israel (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.