Unemployment surged to 16.7% in January due to 3rd lockdown

The Central Bureau of Statistics says unemployment rates shot up to 16.7 percent in the first two weeks of January as a nationwide lockdown was introduced.

That’s 680,000 unemployed, the vast majority of whom (504,000) were placed on unpaid leave.

In late December, the unemployment rate stood at 13.7%, or some 566,000 jobless.

View of the closed-down stores in the Givatayim Mall during a nationwide lockdown, January 18, 2021. (Miriam Alster/Flash90)
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