We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Employment Service warns of ‘chronic unemployment’ as layoff rate surges

9 5 6

A new report by Israel’s Employment Service Bureau warns of “chronic unemployment,” as the data showed that in October a bigger percentage of workers who lost their jobs were being fired rather than just put on furlough, or unpaid leave, compared to previous months.

Even so, the majority of jobless people signing up at the Employment Service are still furloughed rather than fired, the report said, with the youngest people — those up to 35 years of age — continuing to be the worst hit, together with women.

According to the data presented on Sunday by the Employment Service to Economy Minister Amir Peretz, of the new people who signed up with the bureau as jobless in October, 16.1% said they had been fired. This compares with 9.3% of people who said they had been fired in September, and with 6.3% and 11.4% respectively in March and April, the months in which the first lockdown was imposed.

Get The Start-Up Israel's Daily Start-Up by email and never miss our top stories Free Sign Up

In October, just 6.8% of those who were previously unemployed returned to the workforce, compared to 22% in September, 36% in March and 5.8% in April, the report showed.

“Every wave of unemployment intensifies the difficulty of those who fail to return to work, and their risk of descending into chronic unemployment increases,” said Rami Garor, the head of Israel’s Employment Service Bureau, in a statement.

As Israel’s first lockdown was imposed in mid-March bringing the economy to an almost total standstill, the Finance........

© The Times of Israel

Get it on Google Play