BoI: Half of youth lack post-secondary education

Many young Israelis lack the skills in demand in the labor market, Bank of Israel finds.

About half of the young people entering the workforce lack any form of post-secondary education, and many of them lack the skills in demand in the labor market, the Bank of Israel said Thursday in a preview it released of an article in the forthcoming issue of Recent Economic Developments.
According to the bank, the rate of employment among young people without post-secondary education has fallen by about 10 percent in recent years, with the decline being most noticeable in manufacturing professions, such as industrial mechanics.
On the other hand, employment in service professions, such as sales, has increased, even though “the teaching of service professions is not emphasized in vocational schools.”
Referring to efforts in other countries, such as the United States, to improve the transition of non-tertiary educated high school graduates (called the “forgotten half”) to the work place, the bank said, “Post-secondary vocational training courses are sorely lacking” in Israel, “as is the policy regarding employment guidance for young people.”
It said analysis of the employment characteristics of young people is important for two reasons: first, because the initial working years are critical in establishing a stable employment trajectory and achieving a reasonable wage; and second, because the situation of young people usually reflects recent labor-market developments.