DEV TO

The Wayback Machine - https://web.archive.org/web/20090825110143/http://haaretz.com:80/hasen/spages/1101543.html

Subscribe to Print Edition

Tue., July 21, 2009 Tamuz 29, 5769

Israel Time: 11:41 (EST+7)

Back to Homepage

web haaretz.com

Haaretz Toolbar

Diplomacy

Defense

Jewish World

Opinion

National

Print Edition

Car Rental

Books

Haaretz Magazine

Business

Real Estate

Maccabiah

Travel

Week's End

Anglo File




Share \|

Last update - 15:07 20/07/2009

Bank of Israel Chief to ultra-Orthodox community: Get jobs

By Motti Bassok, TheMarker

Tags: Israel news, haredi

Bank of Israel Governor Stanley Fischer on Monday called on the heads of the ultra-Orthodox sector in Israel to promote employment among Haredi men and women in order to minimize the prevalent poverty among them.

During a conference for the ultra-Orthodox community in Jerusalem, Fischer said that the low employment rate among the Haredi 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 ultra-Orthodox 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 Haredi sector, which, harnessed, could contribute another driving force for growth to the economy, while also minimizing the poverty," he said.

	Advertisement

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."

Related articles:

Stanley Fischer: Banking sector is not in crisis

Fischer talks tough to treasury over new Bank of Israel law

Study: Haredi stores are 20 percent cheaper than other stores

Ultra-Orthodox block-buying cheap real estate

PROMOTION: Mamilla Hotel

Get Haaretz news headlines delivered daily to your inbox!

———— Click here to sign up for Haaretz newsletter ————

Bookmark to del.icio.us


	Israel's 40-year folly
	Why do settlers need to pay the price for peace? Because of what they have cost us.


	Obama's 'Jewboys'
	This is not the first time that 'self-hating Jews' have given Israel trouble.




1.	6o percent number	15:46	\|	sambo	20/07/09

2.	Employment	16:03	\|	observer	20/07/09

3.	YEH RIGHT !	16:09	\|	SJ	20/07/09

4.	In the immortal words of Manard G. Krebs	16:23	\|	Mark Lincoln	20/07/09

5.	Good post #2!	16:27	\|	Silvienne	20/07/09

6.	I work	16:29	\|	Daniel Breslauer	20/07/09

7.	Will He Need Police Protection Too?	16:31	\|	Mark	20/07/09

8.	to #6, Daniel	16:49	\|	Michael	20/07/09

9.	6 - Puh-leez	17:14	\|	Erich	20/07/09

10.	But Then Who Would Be A Light Unto the Gentiles?	17:21	\|	Yaakov Sullivan	20/07/09

11.	Yes! Mr. Breslauer	17:22	\|	Ben	20/07/09

12.	haredim who respond on talkbacks...	17:25	\|	tax payer	20/07/09

13.	The unemployments would rise even more, with more haredi out	19:12	\|	Kris Lazar	20/07/09

14.	Kris Lazar`s ignorance	20:24	\|	Ehud	20/07/09

15.	Kris Lazar	20:36	\|	lu	20/07/09

16.	Fisher is absolutely right	20:58	\|	Cipora Julianna Kohn	20/07/09

17.	ultra orthodox and orthodox not the same thing	22:27	\|	JO	20/07/09

18.	To#10,- We all would	22:30	\|	de	20/07/09

19.	taxpayer, there are some details you forget	23:11	\|	Zev Davis	20/07/09

20.	Stanley Fisher keeps the glass ceiling	23:55	\|	Chevy Weiss	20/07/09

21.	Give them Jobs	00:57	\|	Chaim Ben Kahan	21/07/09

22.	question!	01:04	\|	jerri	21/07/09

Special Offers

hotel Jerusalem

David Citadel Hotel, come stay at the finest of Jerusalem hotels.

ISRAEL ARMY SURPLUS STORE

IDF insignia,Uniforms, Paladium Boots Watches, Israel Army T-shirts & Collectibles

Dead Sea Skin Care

Quality cosmetics from the Dead Sea. Coupon code HAARETZ for 12% off!

Eldan Rent a Car

Israel's leading car rental company offers you a 20% discount on online reservations

Junkyard

Junk a car - get free towing nationwide and a tax-deductible receipt

More Headlines
09:22 IDF planning to evacuate all outposts in one day


11:26 'Quick outpost evacuation will push settlers to extremes'


09:39 Israel weighs confiscation of more Palestinian land


09:38 Most Arabs can't buy most homes in West Jerusalem


09:45 Mossad and Military Intelligence engaged in power struggle from top down


09:58 Netanyahu's son joins IDF - with bodyguard in tow


09:53 Just before Lieberman visit, Brazil official calls him 'racist and fascist'


00:15 WATCH: Daily news round-up from Israel


10:41 Jerusalem hospital mulls releasing boy allegedly starved by Haredi mother


04:49 Jordan: East Jerusalem cannot be part of Israel's capital


09:51 El Al to offer 'low-cost, no-frills' Europe tickets


03:12 Norway: Celebrating Nazi-sympathizer unrelated to Holocaust education


08:02 Lebanon boosts forces near Israel border, fearing IDF fire

Home

Print Edition

Diplomacy

Opinion

Arts & Leisure

Sports

Jewish World

Site rules

Israel 2009 election results

Makom: Engaging on Israel

\|	Search engine marketing

Haaretz.com, the online edition of Haaretz Newspaper in Israel, offers real-time breaking news, opinions and analysis from Israel and the Middle East. Haaretz.com provides extensive and in-depth coverage of Israel, the Jewish World and the Middle East, including defense, diplomacy, the Arab-Israeli conflict, the peace process, Israeli politics, Jerusalem affairs, international relations, Iran, Iraq, Syria, Lebanon, the Palestinian Authority, the West Bank and the Gaza Strip, the Israeli business world and Jewish life in Israel and the Diaspora.

Jul	AUG	Sep
	25
2008	2009	2010