Haredi men's employment rate falls

Haredi men in the workplace  credit: Yossi Zamir
Haredi men in the workplace credit: Yossi Zamir

The Central Bureau of Statistics found a fall of over 2% in the first quarter of 2024. Dr. Eitan Regev of the Haredi Institute for Public Affairs: Probably a temporary decline to do with the war.

According to Central Bureau of Statistics data, the rate of employment among haredi (ultra-Orthodox Jewish) men in Israel fell to 54.3% in the first quarter of 2024 from 56.7% in the fourth quarter of 2023. The rate of employment of haredi men has been stable at around 50% in the past decade, but it started to rise at the beginning of 2022,and reached a peak in the last quarter, but, as mentioned, it has now fallen.

"Just as there was nothing to get excited about in the previous quarter, there’s nothing to get excited about now," a Ministry of Finance source said. "Employment of haredi men is slightly above 50%, and that’s really low."

Dr. Eitan Regev, director of research and deputy CEO at the Haredi Institute for Public Affairs is a little more optimistic. "First of all," he says, "the decline is not statistically significant, so it’s too soon to draw conclusions. That doesn’t mean that there was no decline in this quarter, which could be connected to the war. In times of crisis the weakest workers are generally the worst hit. It was like that in the Covid pandemic period as well. It’s not surprising that a similar decline was also observed among Arab men and haredi women, as also happened in the pandemic period. I estimate that this is probably a small, temporary decline, to do with the war."

Indeed, the rate of employment among haredi women also fell in the first quarter, by 1.5% to 80.1%, and among Arab men, by 0.7% to 75%. By contrast, employment among Arab women rose by a substantial 2.1%, but the absolute level is low, at 46.1%. The employment rate of non-haredi Jews remained fairly stable, rising by 0.5% to 86.8% for men, and falling by 0.2% to 82.2% for women.

Published by Globes, Israel business news - en.globes.co.il - on May 21, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Haredi men in the workplace  credit: Yossi Zamir
Haredi men in the workplace credit: Yossi Zamir
NIS 200 bills credit: Tali Bogdanovsky Reduction in cash holdings after NIS 200 bill abolishment talk

Since September 2024 there has been a dramatic decline in the number of NIS 200 bills held by the public relative to the number of NIS 100 bills, according to Bank of Israel data.

Intel plant in Kiryat Gat credit:  Intel Intel Israel fate unclear amid sale talks with TSMC, Broadcom

"Globes" considers the options for Intel Israel's 9,500 employees if the ailing chip giant is broken up and sold.

Teva CEO Richard Francis credit: Elad Malka Teva CEO responds to 25% share price fall

Richard Francis said that the question is no longer whether Teva will survive but whether it can grow more.

Holon employment bureau credit: Eyal Izhar Unemployment in Israel fell in January

The unemployment rate in Israel fell to 2.6% in January 2025, after seasonal adjustment, from 2.7% in December 2024, the Central Bureau of Statistics reports.

Dizengoff Center credit: Guy Hamoy Israel's economy grew 1% in 2024, above expectations

This figure reflects negative GDP per capita growth of 0.3%, because of population growth last year, the Central Bureau of Statistics reports.

Shalev Hulio and Sebastian Kutz credit: Pini Siluk and Dominic Butzmann Israeli co Dream Security raises $100m at $1.1b valuation

The company, which protects national infrastructures, was founded by former spyware company NSO Group CEO Shalev Hulio, former Austrian Chancellor Sebastian Kurz and Gil Dolev.

CyberArk CEO Matt Cohen and founder and executive chairman  Ehud Mokady  credit: PR $20b CyberArk becomes Israel's second most valuable co

The cybersecurity company's share price has almost tripled in value in the past three years.

Israel Tax Authority Head Shay Aharonovich credit: Yossi Zamir Israel Tax Authority set to publish voluntary disclosure plan

The latest procedure, delayed for over a year, will not include an anonymous track but will have a fast track for unreported cryptocurrency assets.

Tel Aviv credit: Shutterstock Meitav sees Israel housing prices falling

More Israeli households are expected to prefer renting a home rather than buying their own apartment and the consequences will be negative, Meitav investment house chief economist Alex Zabezhinsky predicts.

Sasha Troufanov credit: IDF Spokesperson Amazon CEO welcomes release of employee Sasha Troufanov

Andy Jassy said that Amazon has not commented publicly on the hostages for fear that it would negatively impact their ability to be released, or how they were treated in captivity.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Ra'anana, Netanya, Mazkeret Batya, Maalot-Tarshisha and Beersheva.

MK 84 bombs credit: Reuters IMAGO US shipment of MK-84 900 kilogram bombs arrives in Israel

One of the first steps taken by US President Donald Trump was to release the heavy deep-penetration bombs, which former President Joe Biden had halted the supply of.

Inflation credit: Tali Bogdanovsky January CPI reading lifts inflation, housing prices rise

In the twelve months to the end of January 2024, inflation has risen to 3.8%, the Central Bureau of Statistics reports.

Credit Card payment terminal credit: Seika Chujo Shutterstock Cyberattack again disrupts Israel's credit card payments

Check Point chief of staff Gil Messing: "These are the capabilities of a state actor. This does not necessarily mean Iran, but in the past Iranian entities have been behind such attacks.

CyberArk offices credit: Eyal Izhar CyberArk buys US co Zilla Security, reports strong Q4

CyberArk, which will pay $165 million for the US identity governance and administration company, has surpassed Teva to become Israel's second most valuable company.

mSphere credit: Mer Group Mer launches armored vehicle awareness protection system

mSphere's comprehensive monitoring eliminates blind spots, enhances detection capabilities, and enables crews to identify and respond to potential threats swiftly and accurately.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018