Minister of Finance Dr. Yuval Steinitz Commends Israel’s Growth and Employment Data for 2012
Minister of Finance Dr. Yuval Steinitz commended Israel’s growth data for 2012, which places it in a good position in comparison to other western countries, along with the ongoing growth in exports and investments in the economy.
The Minister of Finance estimates that when the figures for 2012 were published, it became evident that the drop in the inequality index and the narrowing of gaps that occurred over the past three years continued in 2012 as well.
In addition, the employment data for November show a significant improvement. The unemployment rate in November dropped to 6.7%, down from 6.9% in October. In addition, the participation rate rose to 63.9%.
Minister Steinitz noted that “In order for the growth period to continue and in order to create new jobs in Israel in the future as well, we will have to build a responsible budget that will continue to focus on the growth engines in the economy and on attracting investments to Israel.”
Source: Ministry of Finance
