The Hiring Hold Up
Newsrael News Desk 26.04.2021
The Employment Service today publishes data on the rate of return to work among young people. Unsurprisingly, but now at least officially, it turns out that despite the wide opening of the economy - the rate of return of young people is significantly lower than expected.
The data shows that despite the opening of employment industries in which young people are employed at a high rate, the age distribution of job seekers in March is the same as that recorded in February.
This means that young people are not returning to work at the expected rate: during March, the restrictions of the corona were removed and the employment industries in which an over-representation of young people is normal, such as the catering, hospitality, leisure, and trade industries, were opened almost fully.
Despite this, the rate of youth advocacy did not change at all compared to February; 47.4% in March compared to the exact same percentage in February.
This means that young people are not returning to work.
The Research and Planning Division of the Employment Service explains that the phenomenon proves that unemployment benefits have become a barrier to returning to work.
This is true for young people and for other low-wage earners, not necessarily young people.
Source: Walla News!
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