unemployment

If unemployment drops below 10%, benefits will be reduced by 10% – and if the rate drops below 7.5%, the program will be canceled completely.

According to the report's authors, this shows that the unpaid leave model was ineffective at what it set out to do.

As of this week, more than 547,000 people are still out of work according to Israel Employment Services, a bit less than 10%, despite the reopening of the economy.

The letter quoted The Torah to make its case, stating that "You shall not abuse a needy and destitute laborer, whether a fellow countryman or a stranger in one of the communities of your land.”

The company said the issue was industry-wide and it would look for solutions, without specifying what these might be.

The plan provides a package of benefits worth thousands of shekels to people who return to work between February and April.

The resort city of Eilat suffered from the highest unemployment rates in Israel during the third lockdown.

Nearly NIS 1 billion were given to people who didn't qualify.

Employees also participate in a workshop to develop digital and self-learning skills required for a job market that is constantly changing.

Since January 25, the IES has recorded a consistent increase in the rate of layoffs and resignations among the total daily new job seekers.