Israel's finance minister defies economists on unemployment benefits
Follow Apr. 7, 2021 The elections are over for now, but Finance Minister Yisrael Katz is continuing to pursue policies counter to the advice of his professional staff and business organizations. With the unemployment rate rapidly dropping, Katz announced on Wednesday that he would seek to rescind rules due to set into motion an automatic drop in jobless benefits. The announcement came after the Central Bureau of Statistics reported earlier on Wednesday that Israel’s broad unemployment rate had fallen to 12%, equal to half a million people, in the first half of March. Using the jobless measu...
Source: haaretz.com