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Monday, December 31, 2012
PM Netanyahu on the Decline in the November Unemployment Rate

PM Netanyahu's Statement Regarding the Decline in the November Unemployment
Rate

(Communicated by the Prime Minister's Media Adviser)

Prime Minister Benjamin Netanyahu, today (Monday, 31 December 2012), made
the following statement in wake of Central Bureau of Statistics data to the
effect that the unemployment rate declined to 6.7% in November
http://www.cbs.gov.il/reader/newhodaot/hodaa_template_eng.html?hodaa=201220357

"I welcome the continued decline in unemployment in Israel, which has been
achieved thanks to responsible economic leadership in partnership with
Finance Minister Dr. Yuval Steinitz and Bank of Israel Governor Prof.
Stanley Fischer. In 2009, unemployment was higher in Israel than it was in
Europe. Since then, unemployment in the Euro bloc has only risen whereas the
unemployment rate in Israel has only declined. In this period, while the
world was dealing with a global economic crisis, over 350,000 additional
jobs were added to the Israeli economy. An additional item that should be
noted is that the unemployment rate among young people also declined last
month in continuation of a downward trend since 2009. Today, the
unemployment rate among young people in Israel is significantly lower than
in European countries and the US."

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