The labor market continues to tighten
ISRAEL
- Report
31 May 2022
by Jonathan Katz
1. The labor market continues to tighten as job vacancies hit record levels, supportive of wage pressure.
2. Private consumption growth appears to have moderated recently following the rapid growth when Covid restrictions were cancelled.
3. The Bank of Israel raised rates by 0.4% last week, signalling a somewhat more hawkish stance.
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