Bank of Israel Chief to Chareidi Community: Get Jobs

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stanley-fischerBank of Israel Governor Stanley Fischer today called on the heads of the chareidi sector in Israel to promote employment among chareidi men and women in order to minimize the prevalent poverty among them. During a conference for the chareidi community in Yerushalayim, Fischer said that the low employment rate among the chareidi men and women was the root cause of for the high incidence of poverty, higher than any other sector in Israeli society, including the notoriously poor Arab sector.

According to Fischer, 60 percent of the chareidi Jews in Israel were defined as poor in 2008, and that number has only grown since. “There is an enormous pool of human resources in the chareidi sector, which, harnessed, could contribute another driving force for growth to the economy, while also minimizing the poverty,” he said.

Addressing the general financial situation in Israel, Fischer said that the economy is beginning to display signs of growth over recent months, with exports up in May and June and imports up during last month as well. The Bank of Israel combined index has risen for the first time in 11 months, he added.

“We have a strong economy, but unemployment is rising and there is also inflation in Israel,” Fischer said. “Right now, we just don’t know when the market will begin growing again.”

{Haaretz/Yair Alpert-Matzav.com Israel}

4 COMMENTS

  1. “Fischer said that the low employment rate among the chareidi men and women was the root cause of for the high incidence of poverty.”

    Wow! Did he convene a task force to figure that out?

    Next he’ll be saying that the root cause of terrorism is that the Arabs want us all dead. Give this man a Nobel Prize!

  2. To #2 If there was no draft then they can work. Right now it is illegal to work in the state of Israel. I warned Ben Gurion many times that this would happen

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