Unemployment claims drop 5%
The National Insurance Institute of Israel (NII) said last week that the number of people who filed for unemployment benefits in June and July has dropped by 5%.
According to NII data, 17,500 unemployment claims were filed over the past two months, compared to 18,600 in May.
According to a plan instated by the Treasury, the Ministry of Social Affairs and the NII in an attempt to see the job market through the financial crisis, the latter has elasticized the eligibility criteria for unemployment benefits starting June 1.
The new criteria enable fired employees to file for unemployment benefits if they have nine months seniority in a workplace, as opposed to 12 months according to the previous guidelines.
National Insurance Institute of Israel Director-General Esther Dominici said that the drop in unemployment claims in consistent with the tempering of both the financial crisis and the mass layoffs noted at the last quarter of 2008.
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