In this week's Leumi Economics Weekly:
- The unemployment rate according to the "regular" definition is biased downward and does not accurately reflect the scope of non-employment due to technical reasons of the definitions used; the broad definition currently reflects a double-digit unemployment rate
The rate of employed persons temporarily absent from their places of employment is especially notable in the services sectors
- The growth data for the second quarter of the year are expected to indicate a more substantial decline compared to the first quarter
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