One in five families in Israel is forced to live on only one salary

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Unemployment – Illustration (freepik photo, Istock)

A new study published by the Bank of Israel shows how the corona crisis affected the labor market in Israel. According to the study, the total actual working hours per employee in July this year decreased by 5% compared to the same period last year, due to the decrease in the number of employed persons.

In addition, in about 20% of the households with two employees before the crisis, at least one employee was deducted, compared with about 12% in the corresponding period last year. Income from wages and unemployment benefits of families in which at least one member of the household was employed before the crisis and required work in July, decreased on average by about 20%.

It also shows that the actual number of weekly working hours of employees in the business sector who worked part-time before the crisis increased by an average of 4-2 hours. In contrast, for those who worked full-time before the crisis, the number of working hours hardly changed. This finding, the authors of the study explain, together with a greater reduction in the number of part-time jobs, is consistent with the phenomenon of filling the place of those whose work was stopped by their colleagues who continued to work.

Processing based on CBS manpower surveys shows that only about 84% of employees who worked in the business sector before the Corona crisis worked in July this year, compared to about 91% in the same period last year. About 30% of those not employed (these Who were temporarily absent from work due to the crisis or who gave up looking for work at the end of the first closure) – remained in this situation at least until July, and among the young and educated the rate was significantly higher.

In addition, the study shows that the proportion of employees who worked in the business sector in April and lost their jobs until July is about 6% – similar to last year, but among ultra-Orthodox and those with less than a year in the workplace the rate was higher.

In June and July, the transition of employees in the business sector and those who were temporarily absent from work due to the crisis (most of them in the IDF) accelerated to the status of the unemployed or despairing of job search.

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