JERUSALEM, Aug. 25 (JTA) —Signs of an economic slowdown are mounting in Israel. No rise was recorded in industrial production in the first half of this year, and according to the Central Bureau of Statistics, industrial growth will be 2.5 percent this year. The figure was particularly alarming in view of the latest unemployment figures, which showed another rise — to an unemployment rate of 9.4 percent. This figure means that almost every 10th Israeli adult is unemployed. Despite the figures, Israeli Finance Minister Ya’acov Ne’eman said the government’s economic policy would not change.
Unemployment rises in Israel
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