The result is shown on slide 8, which plots four curves showing the effect of vacancies on unemployment for four different separation rates. Each curve is convex; as the number of vacancies increases relative to the number of individuals looking for work, it becomes harder for firms to fill jobs with suitable workers, and more jobs remain vacant.
Thus, it is important that we continue to invest in increasing the participation and productivity of the Arab and ultra-Orthodox sectors; otherwise, not only will we not remain in place, but we will even widen the gap vis-à-vis the advanced economies.