Israel’s Unemployment Rate Reaches a 50-year Low

He who is generous to the poor makes a loan to Hashem; He will repay him his due.

Proverbs

19:

17

(the israel bible)

May 12, 2022

2 min read

Israel’s unemployment rate fell from 3.7% in March to 2.9% in the first half of April.

The Central Bureau of Statistics released a report showing a 50-year-low unemployment rate in April. The report showed 120,000 job seekers and 150,000 employment vacancies.

The workforce participation rate also dropped to 61% in the first half of April from 61.3% during the second half of March.

The report reveals that the high amount of job openings will likely translate into increased salaries.

The Bank of Israel projects a 3.5% unemployment rate by 2022.

For those who remain unemployed, Colel Chabad is there to help. Colel Chabad is a charitable organization that provides coupons for food for families who need them. 

For Israelis without a job or those with a job who don’t earn enough to provide for their families, Colel Chabad is their lifeline.

For those who cannot leave their homes due to health reasons, Colel Chabad delivers groceries to their homes.

Although the Israeli government entrusts Colel Chabad to locate and provide food for Israel’s poor, their essential work is funded by private donations from friends of Israel.

Can you help bring groceries to a low-income family in Israel?

If you can, please consider donating to Colel Chabad today.

 

Register to Vote

JOIN MORE THAN

1300

registered voters!

If you would like to stop the threat of a Palestinian State in the heartland of Israel, vote for Israel365 in the upcoming World Zionist Congress elections taking place from March 10-May 4, 2025. Please submit your information and we will remind you to vote during the voting period!
* To be eligible to vote you must be a Jewish US citizen who is 18+ with primary residency in the US.

Share this article

Subscribe

Prophecy from the Bible is revealing itself as we speak. Israel365 News is the only media outlet reporting on it.

Sign up to our free daily newsletter today to get all the most important stories directly to your inbox. See how the latest updates in Jerusalem and the world are connected to the prophecies we read in the Bible. .