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Traffic on Ayalon Highway in Tel Aviv, Dec. 2, 2021. Photo by Tomer Neuberg/Flash90.

Unemployment rate in Jewish state hits 50-year low

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The unemployment rate in Israel dropped to 2.9% in the first half of April from 3.7% in March. According to a report in the Israeli business daily Globes, the Central Bureau of Statistics reports a 50-year-low...
The Malha Mall in Jerusalem in 2009. One of seven malls built in Israel by David Azrieli, it has 260 stores on three levels. Photo by Yossi Zamir/Flash90.

Retail stores in Israel start to open, despite government coronavirus restrictions

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Some large retail merchandise chains and small shops in Israel are defying the government restrictions and opening their doors in protest against the government’s lockdown, which, like so many other nations worldwide, has been...
Israelis walk on Jaffa Road in Jerusalem's center on July 12, 2020. Photo by Olivier Fitoussi/Flash90.

Israeli Cabinet moves ahead with $1.9 billion COVID-19 stimulus plan

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Israel’s Cabinet on Sunday approved a NIS 6.5 billion ($1.9 billion) plan to grant nearly every Israeli citizen a one-time cash payment to help stimulate the country’s struggling economy, which has been hit hard...
Israeli Health Minister Yuli Edelstein speaks during a press conference at the Health Ministry in Jerusalem on June 28, 2020. Photo by Olivier Fitoussi/Flash90.

Edelstein: Israel will likely have to initiate a full lockdown next week

In a tense meeting of top officials on Tuesday, Israeli Health Minister Yuli Edelstein said that unless the country’s COVID-19 numbers don’t change within the next three days, “there would be no option but...
People walk in downtown Jerusalem on June 16, 2020. Photo by Olivier Fitoussi/Flash90.

Israel extends emergency coronavirus regulations for 45 days

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Israel’s Knesset voted on Tuesday to extend emergency regulations aimed at curbing the spread of COVID-19. Lawmakers in the Knesset’s Constitution, Law and Justice Committee extended the deadline for another 45 days after the original...
Israeli workers disinfect the Western Wall in the Old City of Jerusalem as a preventive measure against the spread of the COVID-19 virus, March 31, 2020. Photo by Yonatan Sindel/Flash90.

21st Israeli dies of COVID-19 as cases reach 5,591; unemployment hits record highs

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As Israel saw its 21st coronavirus fatality on Wednesday and confirmed infections in the country hit 5,591, the Israel National Employment Service (INES) announced that the number of unemployment claimants has exceeded 1 million...
A stockmarket ticker screen in the lobby of the Tel Aviv Stock Exchange, in the center of Tel Aviv, March 15, 2020. Photo by Flash90.

Israeli unemployment rate soars to 18.6 percent; official calls for total lockdown

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The unemployment rate in Israel reached 18.6 percent on Tuesday with 91 percent of those now out of work being put on unpaid leave as a result of the coronavirus (COVID-19). The nation’s unemployment rate...
A sign announcing the closure of a playground in the northern Israeli city of Tzfat. The government ordered all bars, restaurants, malls and public entertainment areas to close in an effort to contain the spread of the coronavirus, March 18, 2020. Photo by David Cohen/Flash90.

Coronavirus causes a surge of unemployment in Israel

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More than 100,000 Israelis have been laid off and are eligible for unemployment benefits as a result of the economic situation in the wake of the coronavirus (COVID-19). In a seven-hour period on Wednesday, 28,000...