What it is about
In November, the number of job seekers in Israel fell to just under 165,000, marking significant progress and the lowest figures since the outbreak of the Israel-Hamas War. The Employment Service announced these statistics highlighting recovery amidst the nation’s broader post-war challenges.
Why it matters
This decline reflects Israel’s impressive resilience and ability to rebound from turmoil, showing a notable 2.5% decrease in job seekers when adjusting for seasonal factors. Although the job market remains impacted due to recent hostilities, Israel’s potential for continued improvement shines through, demonstrating optimism for economic recovery.
The Bigger Picture
The recent ceasefire in the North is beginning to manifest its effects, with the northern communities already experiencing a more pronounced drop in job seekers. Throughout Israel, there are six job seekers for every five available jobs, signaling positive forward momentum compared to previous months.
The Employment Service attributes these trends to collaborative efforts and a focus on helping middle-aged and older Israelis re-enter the workforce. Also noteworthy is the return of education sector workers which led to the decrease in female job seekers, ensuring strides in workforce diversity and inclusion.
Between Lines
There were contrasting trends across various demographics, with an influx of job seekers amongst younger Israelis and movements within non-haredi and Arab populations reflecting the complex, dynamic work landscape present in Israel today.
What they’re saying
Inbal Mashash, the Director-General of the Employment Service, noted Israel’s labor market resilience, stating, “There are signs that come next month, the ceasefire will further make positive impacts visible. Efforts are underway to further solidify gains in the North’s labor markets.”
Mashash encourages proactive engagement and emphasizes diligent support being offered to boost workforce participation, spotlighting the Employment Service’s role in facilitating successful employment journeys for countless individuals.
This story was first published on jpost.com.