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Manpower: Growth in demand for workers slowed in 2006

January 14, 2007. Globes: Shay Niv
Manpower Israel reports that demand for workers rose by 2.6% in 2006, down from 8.5% in 2005 and 21.9% in 2004. The company attributes the slower growth to the second Lebanon war last summer.

Demand for workers was 4.4% higher in the fourth quarter than in the third quarter, when the war was fought. Demand for workers was 3% in higher in December than in November.

A breakdown of demand for workers by sector showed the highest growth in 2006 was in construction, up 35.1%. Demand for workers in industry rose by 15.8%. On the other hand, the greatest drop in demand for workers was for household staff, down 14.4%.

Interestingly, demand for agricultural workers was 81.5% higher in December 2006 than in December 2005. Demand for workers rose in most sectors, except for healthcare and nursing services, which fell by 1.9%.

Manpower Israel CEO Orna Segal said, “The economy is recovering fairly fast, which made it possible to end the year with a rising trend in demand for workers.”

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