2% Economic Growth Cannot Create New Jobs

The present economic growth rate of two percent in Israel, (which

may drop to one percent) cannot produce new jobs. Mr. Ben Zion

Zilberfarb the new director general of the treasury said that the

work force in Israel is increasing by 2.4 percent a year and

economic growth below this rate will only increase unemployment.

Unemployment cannot be allowed to grow.

The Israeli cabinet in an effort to jump-start economic growth,

which will lead, to new jobs, is expected to shortly approve a NIS I

billion spending plan.