Since the Israel-Gaza war started, Gaza unemployment has dropped down to 80%, with the economy at the peak of collapsing. The report was provided by the International Labour Organization (ILO) on Thursday.
Ever since the war started one year ago, the economy dropped by 85%, leaving 2.3 million Gaza civilians into poverty, UN agency reported.
The ILO while speaking in regard of Gaza and the West Bank stated, the effect of the conflict caused "unprecedented and wide-ranging devastation on the labour market and the wider economy across the Occupied Palestinian Territory".
Unemployment in the West Bank rated 34.9% between October 2023 until September 2024, resulting the economy reaching to 21.7% for the last 12 months.
In the West Bank, the unemployment rate averaged 34.9% between October 2023 and the end of September 2024, while its economy has contracted by 21.7% compared with the previous 12 months, the ILO said.
Geneva-based organization stated, before the conflict, Gaza unemployment rate was 45.3% and the West Bank was 14%.
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United Nations Report Warns Gaza’s Reconstruction Could Take Centuries Amid Unprecedented Economic Decline
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Ukraine's President Volodymyr Zelenskiy acknowledged the Crimea peninsula, seized by Russia in 2014, would have to be restored to Ukrainian sovereignty through diplomacy.
The International Criminal Court has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and his former defence chief, as well as a Hamas leader, Ibrahim Al-Masri, for alleged war crimes and crimes against humanity, the court said on Thursday.
Former German Chancellor Angela Merkel describes her dealings with world leaders like Russian President Vladimir Putin and Donald Trump during her 16 years in power in her new memoir, which comes as her legacy is under fire in light of today's crises.
Iceland’s Reykjanes Peninsula, active again after 800 years, has seen repeated volcanic eruptions since 2021. From lava fountains to massive fissures, eruptions have reshaped the landscape, attracting tourists while prompting evacuations and safety warnings.
An earthquake measuring 4.6 on the Richter scale struck the Dashtestan district of Bushehr Province in southern Iran at 8:30 a.m. local time today, according to the National Seismology Center of the Institute of Geophysics at Tehran University.
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