In 20% of households in Israel where both parents are working one was fired

In 20% of households in Israel, where there were two employees before the Corona crisis, at least one employee was deducted, compared with about 12% in the corresponding period last year. Income from wages and unemployment benefits of families in which at least one member of the household was an employee before the crisis and became a jobseeker in July decreased on average (and by calculation) by about 20%. This emerges from a new study published by the Bank of Israel. In 20% of households in Israel, where there were two employees before the Corona crisis, at least one employee was deducted, compared with about 12% in the corresponding period last year. Income from wages and unemployment benefits of families in which at least one member of the household was an employee before the crisis and became a jobseeker in July decreased on average (and by calculation) by about 20%. This emerges from a new study published by the Bank of Israel.
Only about 84% of the employees who worked in the business sector before the crisis worked in July this year - compared with about 91% in the corresponding period last year. The number of actual hours worked per employee in July 2020 was about 5% lower than last year and in the business sector more than 6%, due to the decrease in the number of employees.
The actual number of weekly working hours of employees in the business sector who worked before the crisis part-time increased on average by 4-2 hours, while for those who worked before the crisis full-time, the number of working hours hardly changed; This finding, together with a greater reduction in the number of part-time jobs, is consistent with the phenomenon of filling the place of those whose work has been terminated by their colleagues who have been left intact.
About 30% of the unemployed by the accepted definition, temporarily absent from work due to the crisis and discouraged from looking for work when leaving the first quarantine, in late April, remained in this situation at least until July, and among the young and educated the rate was significantly higher.
The proportion of employees who worked in the business sector in April and lost their jobs by July was about 6%, similar to their rate last year, but among ultra-Orthodox and those with less than a year of experience in the workplace, the rate was higher than last year.
In June-July, the transition of employees in the business sector and those who were temporarily absent from work due to the crisis (most of them in the IDF) accelerated to the status of the unemployed or those who despaired of looking for work.
The proportion of employees who worked in the business sector before the crisis and were unemployed in July this year was higher than in the same period last year among young and post-retirement workers, ultra-Orthodox, those living in the southern and Jerusalem districts and Judea and Samaria, uneducated, those unable to work from home And low-wage earners.
Meanwhile, the state of the economy was less bad at the beginning of the second wave than in the middle of the first wave. This emerges from the combined index for examining the state of the economy in August, published today by the Bank of Israel, according to which the index fell by 0.06%, a slight decrease compared to the first wave of the corona virus. The composite index in August fell at a rate similar to July. This is after the sharpest declines in the index during the first wave of the Corona virus in March-May, and the small increase in June, after the abolition of most closures and restrictions.