web analytics
July 25, 2016 / 19 Tammuz, 5776

Posts Tagged ‘unemployment’

What Do Unemployment Figures Really Mean?

Thursday, May 26th, 2016

Politicians often quote unemployment data, especially around elections, in order to gain votes. But what do these figures mean?

Does the term “unemployed” refer to everyone who doesn’t have a job, including students and stay-at-home mothers, or only to those who are jobless but are actively seeking work?

Professor David Howden of St. Louis University (Madrid campus) defines “unemployed” and explains how to interpret this data.

Also on today’s show, Doug discusses mutual funds and when they should or should not be used in cross-border investing.

Find out how you can take Doug’s upcoming investing course for free by simply sending your biggest financial question to doug@profile-financial.com

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to www.GoldsteinOnGelt.com

Doug Goldstein, CFP®

Bank Leumi to Cut 10 Percent of Work Force

Wednesday, May 25th, 2016

Bank Leumi plans to cut at least 10 percent of its work force, according to the draft of a five-year plan presented this week to the Bank of Israel.

In the first year of the bank’s reorganization plan, more than a thousand workers are to be laid off, according to Israel Radio.

Approximately 100 employees per year will be laid off in the next four years, most of whom will be those who are ready to retire.

Bank Leumi is one of the largest banks in Israel.

Hana Levi Julian

‘Painful Cuts Ahead in Jerusalem’ Warns Mayor Barkat

Thursday, December 31st, 2015

A deaf ear from the Finance Ministry will force the city of Jerusalem to send home thousands of workers across the capital, Mayor Nir Barkat warned on Thursday. Services in at least three key departments are also likely to be compromised.

The Jerusalem municipality has already notified 170 city cleaning workers of impending layoffs after a request for additional funding was denied by the Finance Ministry.

Some 2,000 more workers across the city are also to be laid off and the city’s cultural institutions, social services and education infrastructure will be affected as well.

“It’s an intolerable decision but unfortunately we have no choice,” Barkat said in a statement Thursday.

“The refusal of the Finance Ministry to transfer funds to Jerusalem does not allow the city to continue to provide these services. We are forced to take this most difficult step and lay off the workers we need.

“Making cutbacks on municipal requests affects social services, education and culture and it means the layoff of thousands of workers in the city,” Barkat warned.

“We were expected that in a period of terrorism there would be wider support, rather than be shown a cold shoulder,” he said.

“Without the transfer of government support to Jerusalem, there will be no escaping more painful cuts that will further compromise the standing of Israel’s capital city, and will hurt each and every resident.”

Hana Levi Julian

Denmark Pays 32 ISIS Terrorists Unemployment Benefits

Wednesday, May 20th, 2015

The Danish government has paid $557,000 in unemployment benefits to Islamic State (ISIS) jihad fighters, who apparently are considered on the jobless list while fighting for the radical Islamic organization that likes to behead their enemies in Syria, which includes just about everyone except themselves.

“STAR [Danish Labour Agency] has thus far received information pertaining to 32 people who, according to PET’s [Security and Intelligence Service] information, have gone abroad in relation to the conflict in Syria while at the same time receiving social benefits,” according to an Employment Ministry document obtained by Danish Radio24syv

A similar report last November revealed that at least 28 jihadists were receiving unemployment benefits from the Danish government but that 15 of them were asked to pay back the money.

Now, try to imagine that a good jihadist will painfully search his conscience, lay down his assault rifle, and rush to the nearest bank – if there are any more in Syria – and send a money order to the Danish government.

Justice Minister Mette Frederiksen, told about the payments last year, told the tabloid BT:

 It is incredibly important that we are not naive.

Apparently they are not totally naïve because at least 115 Danish citizens have left to fight with the ISIS. So hats off to Copenhagen for not paying unemployment benefits to approximately 68 terrorists. Perhaps the Danish government has discovered that the 68 jihadists are getting paid by the ISIS and that the 32 others are not.

Or perhaps their families in Denmark are receiving their loved ones’ monthly ISIS salary checks, which would mean the terrorists are officially employed.

Peter Skaarup, legal draftsman of the Danish People’s Party, said several months ago:

I think that many Danes feel to laugh over that one pays cash benefits to persons not resident in Denmark. These are people who go there and fight in a holy war against Danish forces while they receive Danish cash – it can hardly be worse.

But it is worse, because nothing has changed since November except that now there are more jihadists getting paid.

Sending out checks to the “unemployed” terrorists obviously encourages more Danes to play both sides of the street.

On the other hand, it is a nifty way to thin out the radical Islamic population in Denmark, assuming that most of the jihadists don’t return home alive.

If there is an outcry from other quarters such as the White House, that Denmark is in effect aiding and abetting terror, perhaps President Barack Obama will turn his attention to similar phenomena elsewhere, namely Ramallah.

The Palestinian Authority pays a healthy sum of money every month to terrorists who are serving time in Israeli jails.

 

Tzvi Ben-Gedalyahu

Israeli Unemployment Dropped in February

Friday, March 27th, 2015

Unemployment in Israel dropped to 5.3% in February, according to the Central Bureau of Statistics.

In January the number was 5.6% percent.

Jewish Press News Briefs

Jordanians to Work in Eilat Hotels

Sunday, June 29th, 2014
Jordan’s rate of unemployment is high in the country’s south. But a proposal by the Israeli government is expected to help alleviate some of that unemployment. The Israeli cabinet on Sunday, June 29, approved a proposal to employ up to 1,500 Jordanian workers in hotels in Eilat.

According to the proposal, the workers would be day workers who return to Jordan at the end of the working day and would be employed in cleaning, dishwashing and room service in Eilat hotels. The proposal aim to solve the manpower crisis in Eilat hotels, which is expected to increase during the peak of the summer tourism season.

The Israeli Tourism Ministry also noted that the arrangement will contribute to the relationship between Israel and Jordan, which signed a peace treaty in 1994.

Tourism Minister, Dr. Uzi Landau stated that: “We have decided to advance the issue of work visa approvals for Jordanian workers in Eilat out of a desire to strengthen the hotel industry. There is a serious crisis in manpower in Eilat hotels that will only intensify as the summer peak season approaches.”

“This crisis could significantly damage the Eilat tourism industry, harming the income and jobs of tens of thousands of families, primarily from the less affluent strata of society. The importance of the tourism industry is in its ability to create jobs that lead to reduced economic and social gaps. An approval of the proposal will provide an answer to the labor shortage and I am convinced that the process will even strengthen the peace between Israel and Jordan,” added Landau.

There are 12,000 hotel rooms in Eilat, and thousands of workers are required to cover positions in cleaning, dishwashing and room service. The situation is particularly acute given the lack of urban infrastructure in the city that could help with the recruitment of employees. Several short-term solutions have been used to solve this problem of providing workers for the hotel industry in the resort.

As a result of a prior agreement signed between Israel and Jordan, there are currently up to 300 day workers from Jordan working in different areas in Eilat. This agreement has been working satisfactorily according to the Tourism Ministry since the year 2000 with about 170 Jordanian workers crossing into Eilat and returning home at the end of the day.

The modern city of Eilat was established in 1950, with the tourism industry developing in the city towards the end of the 1960’s. A leading tourist city today, Eilat is located on the southernmost tip of Israel, with its famous coral reef and unique marine life running along its Red Sea shores.

Anav Silverman, Tazpit News Agency

Israel’s Unemployment Rate Drops to Record Low in February

Monday, March 31st, 2014

Israel’s unemployment rate has dropped to a record low in February 2014, down to 4.9% compared to 5.4% in January for people aged 25-64.

According to a seasonally adjusted study released by the Central Bureau of Statistics (CBS) last week, over 3.5 million people out of 8.1 million people are employed in Israel. The study found that 216,000 people were unemployed February, approximately 3,000 fewer than in January.

Among males aged 25-64, the employment rate rose to 81.1% and among females aged 25-64, the employment rate rose to 71%. The CBS survey found that unemployment also declined for those people aged 15 and over, from 5.9% in January to 5.8% in February. The employment rate for that age group rose to 60.5% in February.

Four out five people (ages 25 to 64) are currently employed, with participation in the labor force rising to a record high of 80% in February according to CBS data.

In addition, the CBS survey found that among employed men, 87% work full time and 13% work part time. Among employed women, 67% work full time and 33% work part-time.

The number of employed people who usually work full time (35 hours or more per week), increased by 0.8% compared with January – an additional 21,000 employed people.

Israel’s unemployment rates have been trending low the past two years, a source in the Central Bureau of Statistics told Tazpit News Agency.

Anav Silverman, Tazpit News Agency

Printed from: http://www.jewishpress.com/news/breaking-news/israels-unemployment-rate-drops-to-record-low-in-february/2014/03/31/

Scan this QR code to visit this page online: