Israeli job loss hits three-year high
The Israeli Employment Service said in a report published on Wednesday that 7,497 men and 8,587 women had been fired from their jobs as the result of a slowdown in economic growth in June, AFP reported.
The numbers indicate a 0.5% rise in unemployment from the previous month with free professions and technical fields worst hit.
“The total number of those dismissed in the month of June stood at 16,084 (the highest number since July 2009), of which 7,497 were men and 8,587 were women,” the Israeli Employment Service said, adding that an estimated 33,000 more Israelis are expected to lose their jobs by the end of 2012.
It also said that most of the over 200,000 Israelis who registered as jobseekers with the Employment Service in July were let go from academic posts, management or technical jobs, and sales.
Academic job seekers make 8.4% of the total job seeker population.
Israeli Employment Service Director Boaz Hirsch says the unemployment rate in Israel is currently increasing at a 0.4% rate each month.
Last month, Israel announced austerity measures that include a tax hike to overcome its widening budget deficit. These measures and the rising cost of living have sparked massive protests across Israel.
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