Unemployment Down to 16.7% in February as Economy Reopens
The Israeli Central Bureau of Statistics said Monday that overall unemployment in Israel dropped in February from 18 percent to 16.7%. That reflected a drop of about 50,000 unemployed people in Israel, from around 748,000 to about 698,000.
Much of Israel’s unemployment is attributed to the economic crisis caused by the coronavirus.
Israel started to reopen much of the economy during the past few weeks, as it vaccinated more and more of the population against COVID-19. Those reopenings, a major part of which started in late February, could account for the decline in jobless rates. (TOI / VFI News)
“God, we ask that you continue to bless Israel with physical and economic recovery.”