Every fourth Israeli lost his job due to coronavirus

Photo: AP Photo/Ariel Schalit

In Israel, marked by a sharp increase of unemployment due to the outbreak of COVID-19. Almost a quarter of the working population lost jobs due to restrictions imposed to avoid the spread of the coronavirus. About it reports the edition “Globs”.

“the Number of unemployed people on Wednesday, exceeded one million – 1 004 316. This means that jobs lost 24.1 percent of working-age Israelis. A month ago, the unemployment rate was less than 4%”, – stated in the material.

As told to Professor Aviv Spivak, job loss 25% of the population is a characteristic of the largest crises in history, such as the “Great depression” of 1929.

According to the newspaper, the strongest increase has been observed in mid-March. March 17 on record as unemployed rose 107 718 people. Since then, every day applications for the allowance serves tens of thousands of unemployed. Most dismissed (89.7%) of these were forcibly sent on leave without pay.

Earlier, the Russian economist, leading expert of Institute of modern development Nikita Maslennikov has assessed the forecasts of recession of economy of the Russian Federation on the background of the epidemic of the coronavirus.

According to him, they are vague and ambiguous. The expert recalled the shock of two situations: in addition to pandemic, the decline in oil prices. First, he explained, leads to the rupture of economic ties and the suspension of production. Its consequences – “as the classic crisis,” said the economist.

Vladimir Putin has described the consequences of the coronavirus pandemic more devastating than the financial crisis of 2008-2009. He believes that trade disputes and sanctions deepen the recession. The President of the Russian Federation stated that the peak of unemployment in the world can exceed indicators of 2009.

the Central Bank adopted additional measures on support of the citizens, the economy and the financial sector in the face of the pandemic. Banks advised to restructure foreign currency loans to borrowers who have suffered from caranaviRus. Credit bureaus are urged not to consider debt restructuring of citizens when calculating their credit rating.

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