Available business jobs fell 11% last month
Signaling global slowdown having an effect on the local economy, according to the director of the planning and research administration in the Ministry of Industry, Trade and Labor.
The number of available jobs in Israel's business sector fell by 10.7% in November. The Central Bureau of Statistics reported on Thursday that employers created many fewer jobs last month.
This is a sign that the global slowdown is having an effect on the local economy, according to Benjamin Fefferman, director of the planning and research administration in the Ministry of Industry, Trade and Labor.
"A growing number of companies are dismissing workers and others are planning this step in an effort to become more efficient. Companies are refraining from creating new jobs, thus reducing the number of available positions, and are being very careful about recruiting new workers," said Fefferman.
There were 60,200 available jobs in the business sector last month, down from 67,400 in October. The number of open positions was only 2.7% of all such positions, also a drop from the previous month. But November 2011 was still a better month for job-seekers than November 2010, with about 5% more open positions.
The drop in open jobs is expected to continue to drop, as employment lags behind economic developments, said Fefferman.