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Keyword: drmichaelsarel

Finance Ministry sees 11% unemployment (in Israel) by year-end

10/29/2003 1:07:03 PM PST · by anotherview · 183+ views
Globes ^ | 29 October 2003 | Zeev Klein

Finance Ministry sees 11% unemployment by year-end Unemployment will fall only in 2005. The ministry sharply criticized the Bank of Israel's interest rate policy. Zeev Klein 29 Oct 03 16:08Unemployment will reach 11% of the civilian labor force by the end of 2003, amounting to 286,000 people, states a macroeconomic forecast published by Ministry of Finance chief economist Dr. Michael Sarel today. The unemployment rate is currently 10.6%, or 265,000 people. Sarel emphasized that no decline in unemployment was expected in 2004, and unemployment would begin to fall only in 2005. He said a fall in unemployment depended on scrupulously...

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