Lower unemployment print reignites talks about inflationary pressures and the Federal Reserve’s focus on jobs.
The latest low figures also stem from many Israelis still performing army reserve duty and who are not available for civilian employment.
The clock is ticking. Our choices today will shape whether AI becomes humanity’s greatest achievement or, like the golem of Jewish lore, a force that turns on its master.
Pre-October 7, draft exemptions were thought to be a solution to the haredi unemployment rate.
According to manpower survey data from December, the "broad" unemployment rate decreased from around 10% in November to approximately 7.5% in December.
Employers push for a flexible unemployment benefit to retain employees in reduced positions, potentially saving hundreds of millions, but the state's fear of fraudulent claims hinders its adoption.
The war has led to a significant economic impact in Israel, with the jobless rate reaching nearly 10% in October, driven by temporary work losses affecting over 428,000 individuals.
An additional 46,000 workers have been fired or put on unpaid leave as a result of the ongoing war.
Workplaces are constantly evolving, as is the need for businesses to invest in human resource technologies to help manage employees and their work alike.
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