Transport Minister Moshe Carmel announced today plans of his Ministry to spend nearly 25,000,000 pounds ($8,333,000) in a road improvement program, which will provide work for 1,000 men to help ease Israel’s unemployment problem.
In announcing the plan, the Minister also disclosed that, in line with Israel’s current austerity price-stabilization plan, his Ministry had forbidden Israel’s bus cooperatives from raising fares during the coming year. He said that fare increases would only have still further reduced passenger traffic which has already dropped substantially because of Israel’s current economic squeeze.
New information on the jobless problem was provided by M. Smith, director of the Manpower Planning Authority, who said that current unemployment had reached the 65,000 mark. Speaking at a special meeting organized by the Israel Management Center, he also said that the total will continue to rise next year.
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