CBS: Unemployment decreased for the fist time the Corona crisis to less than 10% job seeker

The economy continues to recover. For the first time since the start of the Corona crisis, the percentage of unemployed in the Central Bureau of Statistics' expanding calculation fell from 10%, to 9.6% in the first half of May. The percentage of unemployed in the limited calculation used by the Treasury fell to 6.7%. This is according to data from the Labor Force Survey published by the CBS. However, it is likely that in the second half of May, in which Operation Wall Guard was conducted, the downward trend in the unemployment rate was halted.
Due to the proximity to the end of June, the date on which the unemployment benefit payments to the Corona unemployed end, the May data no longer have an effect on the payment. All Corona unemployed will receive unemployment benefits by the end of June, although most will receive only 90% as of May 26th. Last week it was announced that Finance Minister Israel Katz intends to extend the payment of unemployment benefits by one month to three months, depending on the age and number of children. This arrangement is relevant, of course, only if Katz continues in office. The designated finance minister in the change government, Avigdor Lieberman, has repeatedly made it clear that he is against extending the Knesset - with the exception of unique groups.
The percentage of unemployed (unemployed in the classic definition - people without a job looking for work) fell from 5.3% in the second half of April to 5%, which is 199,000 people, in the first half of May. This figure is of very little significance during the corona period, due to the large number of people in the IDF as well as people who were laid off and not looking for work. For large and unexplained fluctuations.In any case, it is very difficult to rely on it to estimate the number of job seekers without an employer in the economy.
The percentage of unemployed plus missing persons each week surveyed from their work dropped from 7.9%, which is 323,000 people, in the second half of April, to 6.7%, which is 268,000 people, in the first half of May. The definition of missing persons each week of the survey from their work should locate those who are on unpaid leave. Unemployed plus missing persons all week This is the limited figure by which the Ministry of Finance measures unemployment.
The CBS 'expanding figure includes the unemployed, people who have been absent from work all week, as well as people who lost their jobs during the Corona period and are not looking for work. This is the figure closer to the situation on the ground. In the second half of April, to 9.6%, which is 399,000 people, in the first half of May.