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Gaza’s Unemployment Rate Hits 80% As Economy Plummets By 85% Amid Ongoing Conflict

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The International Labour Organization (ILO) has reported a staggering rise in unemployment in Gaza, which has soared to nearly 80% since the outbreak of the Israel-Hamas war one year ago.

The ILO’s findings reveal a catastrophic economic landscape, with the enclave’s economic output collapsing by 85%, plunging almost the entire population of 2.3 million into poverty.

Read More: World Food Day: Adeleke Lists Milestones In Agricultural Sector

In a statement released Thursday, the ILO characterized the situation as causing “unprecedented and wide-ranging devastation” across the labor market and broader economy of the Occupied Palestinian Territory, including both Gaza and the West Bank.

In the West Bank, unemployment averaged 34.9% between October 2023 and September 2024, with the region’s economy contracting by 21.7% compared to the previous year.

Before the onset of the conflict, unemployment rates were significantly lower, with Gaza at 45.3% and the West Bank at 14%.

However, as the war has continued, many Gazans have lost their jobs or been forced into informal, irregular work that primarily involves providing essential goods and services.

The conflict ignited on October 7, 2023, when Hamas militants launched an attack on Israel, resulting in approximately 1,200 Israeli deaths and around 250 hostages taken.

In response, Israel’s military operations have reportedly claimed the lives of more than 42,000 individuals in Gaza, according to local health authorities.

U.N. satellite data indicates that two-thirds of Gaza’s pre-war structures—over 163,000 buildings—have been damaged or destroyed.

Israel has stated that its military actions are focused on rooting out Hamas militants hiding among Gaza’s civilian population.

However, the consequences of the conflict have reverberated throughout the West Bank, where movement restrictions and trade barriers have severely impacted the economy.

“The impact of the war in the Gaza Strip has taken a toll far beyond loss of life, desperate humanitarian conditions, and physical destruction,” said Ruba Jaradat, ILO regional director for Arab states.

She emphasized that the conflict has fundamentally altered the socio-economic landscape of Gaza and the West Bank, with effects expected to persist for generations.

As the humanitarian crisis deepens, the need for international intervention and aid is becoming increasingly urgent, with calls mounting for immediate assistance to address the dire conditions faced by millions caught in the conflict.

 

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International News

DOJ Confirms Federal Criminal Investigation After Agents Raid Ilhan Omar’s Home

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Federal agents raided the Washington, D.C., home of Democratic Congresswoman Ilhan Omar early Monday morning as part of an ongoing federal criminal investigation, the United States Department of Justice (DOJ) has confirmed.

Homeland Security Investigations agents arrived at the Minnesota congresswoman’s residence at about 6:00 a.m. Eastern Time, according to a report by Fox News.

SEE MORE: Trump Sparks Outrage With Shock Proposal to Rename New Mexico

The report said both the Department of Homeland Security (DHS) and the DOJ are involved in the investigation.

A DOJ spokesperson confirmed the operation, stating: “Today in the Washington, D.C. area, Homeland Security Investigations executed a judicially authorized search warrant secured by the Department of Justice.”

The spokesperson added: “This enforcement action is part of an ongoing federal criminal investigation.”

 

 

Details later……….

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International News

Bangkok Underwater: Nearly 4,900 Evacuated as Floods Hit Thailand Capital

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Heavy rains have triggered severe flooding across parts of Bangkok, Thailand, forcing nearly 4,900 residents to evacuate to shelters as floodwaters swept through roads and residential areas.

The flooding has disrupted movement across parts of the Thai capital, with motorists and pedestrians forced to navigate submerged roads and seek alternative routes.

SEE ALSO: NAFDAC Warns Nigerians As Fake Cowbell Milk Floods Market

According to the Bangkok Metropolitan Administration, about 52,000 households have been affected by the flooding, prompting authorities to declare a flood disaster and intensify emergency response efforts.

Emergency teams have been deployed to assist affected communities and move residents from vulnerable areas to safer locations as water levels rise.

Bangkok is accustomed to seasonal heavy rainfall, but intense downpours can overwhelm drainage systems, particularly in low-lying areas, resulting in widespread flooding and disruption.

Authorities are continuing to monitor affected locations while coordinating evacuations and other emergency measures.

For thousands of residents, the immediate priority remains securing safe shelter and protecting homes and livelihoods as authorities work to manage the situation and restore normal activities once the floodwaters recede.

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International News

‘They Are Dying’ — Trump Explains Why He Rejected Iran’s Hormuz Proposal

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US President Donald Trump has explained his decision to reject Iran’s latest proposal to reopen the Strait of Hormuz, saying Tehran was seeking an agreement because it was losing revenue.

Speaking to reporters at the White House, Trump said Iran wanted to immediately reopen the strategically important waterway but argued that the proposal was not acceptable to his administration.

“They want to make a deal, and I think that’s fine. I like making a deal, too, but that deal would not be acceptable,” Trump said.

SEE ALSO: How the Strait of Hormuz Attack Could Trigger a Fresh Global Oil Shock

According to the US president, Iran’s push to reopen the strait was driven by the economic pressure it was facing.

“What they want to do is immediately open the Hormuz Strait. Do you know why? Because they are dying,” Trump said.

“You know why they’re dying? Because they have no money coming in, because they get their money from the Hormuz Strait.”

Trump also claimed that the US had established an unprecedented naval blockade against Iran, describing it as “a wall of steel.”

“So they outsmarted themselves. We put up the greatest blockade ever in military history. It’s a wall of steel,” he said.

“And guess what? They don’t have any money now because they wanted to close the strait.”

The Strait of Hormuz is a major global energy shipping route, and disruption to traffic through the waterway has significant implications for international oil markets and countries that depend on energy imports.

Trump’s remarks came amid continued tensions between Washington and Tehran over the reopening of the strategic waterway and negotiations involving Iran.

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