Thousands of Israelis Displaced From Workforce Since October 7
Translated & summarized from Haaretz by baba
The story in 4 lines · by baba
- 160,000 to 250,000 Israelis left the job market since Oct 7.
- Israel's employment rate fell to 62%, lowest in OECD.
- The war has caused lasting personal and economic hardship.
- The economic impact will be felt for years.
Between 160,000 and 250,000 Israelis have been displaced from the labor market since the October 7th Hamas attacks and the subsequent war, according to data released by the Ministry of Finance. This has contributed to a drop in Israel's employment rate to 62%, the lowest among OECD countries. The article highlights the profound and lasting impact of the war on individuals, who are struggling to cope with their new realities and facing a prolonged period of economic hardship. The family of Gabai in Yishuv Yitzhak, for example, experiences nightmares and trauma, with the father sometimes reacting to perceived threats. The economic fallout is expected to affect not only the individuals but also the broader Israeli economy for years to come.
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