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Israeli Job Losses Hit Record High

By Bob Ewing     Apr 5, 2009 in Business
Job losses in Israel reach an all time high as 20, 072 people lose their jobs in March and 17,800 in February; a situation which is likely to get worse.
The Netanyahu government is facing a number of challenges on of which is the spiralling unemployment. This reality was confirmed by the National Employment Service (NES) which reported an all-time high in monthly job losses on Sunday.
In March, 20,072 people lost their jobs compared with 17,800 in the previous month and 11,800 in March last year.
Trade, Industry and Labor Minister Binyamin Ben-Eliezer predicted. "The employment problem will get even worse after Pessah with another wave of dismissals.
NES Director-General Yossi Parhi confirmed the previous monthly dismissal record of 19,700, set in January 2009, had been broken.
"Unemployment is one of the most important issues the government has to deal with, and I believe it will be dealt with properly," Parhi added optimistically.
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