Demand for workers slows, but remains elevated

ISRAEL - Report 23 Jan 2023 by Jonathan Katz

1. The gap between job vacancies and the number of unemployed is gradually declining, but the labor market remains relatively tight.

2. Strong employment creation in December suggests that economic activity remains fairly steady.

3. In 2022, the BoI increased the Makam (T-bill) issuance significantly in order to meet strong demand, while reducing commercial bank deposits.

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