The Palestinian Central Bureau of Statistics has reported that unemployment in the Strip has surged in the first quarter of 2014 to 41 percent, the highest rate since 2009. The number of unemployed persons stands at 180,000 people.
A year ago, in the first quarter of 2013, the rate of unemployment was 30 percent – meaning, the rate has increased by 11 percent in just one year.
Chosen excerpts by Job Market Monitor. Read the whole story at Israpundit » Blog Archive » Unemployment in Gaza at five-year high of 41%.
Gaza unemployment threatens Israel
The border with the Gaza Strip has once again warmed up in recent weeks after a relatively calm period. It started with another round of rocket fire on Israel and Israeli counterattacks, and then continued with the exposure of a large tunnel into the Gaza Strip, designed to provide a path for terrorist attacks inside Israel. The deterioration in the security situation coincides with the deterioration of the economic situation in Gaza. One may thus wonder whether there is some connection between the developments in the two arenas.
The economic sanctions imposed by Israel are strangling Gaza and providing further motivation for terrorism to escalate.
The Gaza Strip is in dire economic straits, originating first and foremost in the deliberate Israeli policy regarding the Strip. Add to that the increasing pressure exerted by Egypt on Gaza, and there you have it in a nutshell. In fact, Egypt has almost totally closed the tunnels in Rafah through which goods were smuggled, having discovered that they were used for smuggling weapons as well. The result of these moves is growing pressure on the residents of Gaza and rising unemployment.
Chosen excerpts by Job Market Monitor. Read the whole story at Gaza unemployment threatens Israel – Al-Monitor: the Pulse of the Middle East.