unemployment israel

Inflation declines, credit card spending rises: BofA on Israel’s economy

The report said the general unemployment rate went up to 10.2% when the conflict started, and now it's at 7.2%, partially due to the many Israelis serving in reserves.

A beggar sits and asks for money amid the coronavirus crisis, Jerusalem, 2020

War takes an economic toll on Israeli businesses and employees

With many Israeli businesses working reduced hours or closing during the war, employees losing their jobs or placed on unpaid leave, many have turned to unemployment benefits to help them get by.

By LANA IKELAN/THE MEDIA LINE
22/12/2023
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