20% of new unemployed won't have jobs after crisis
Fintech co BlueVine laying off 30 in Israel
Fintech co BlueVine laying off 30 in Israel
Israel National Employment Service research unit director Dr. Gal Zohar paints a bleak picture of the job situation after the crisis ends.
The Israel National Employment Service (INES), has announced that 764,165 new jobseekers have registered since the beginning of March, making a total of 922,016 unemployed and an unemployment rate of 22.15%. 90% of those who registered in March were on unpaid leave.
32,577 people have registered as jobseekers since Friday morning.
INES research unit director Dr. Gal Zohar estimates that 20% of those who have gone on unpaid leave won't have a job to go back to after the crisis is over and thousands more will only be offered part time work.
Published by Globes, Israel business news - en.globes.co.il - on March 29, 2020
© Copyright of Globes Publisher Itonut (1983) Ltd. 2020
unemployment photo: Ariel Yarozlimksy