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Manpower index points to stabilization in employment

July 12, 2009. Yossi Nissan

The finance and education sectors reported higher demand for employees.

The Manpower Israel Ltd. demand for workers index fell by 0.9% in June 2009, compared with May. Demand for workers in the second quarter was 7.6% less than in the first quarter. These figures indicate that the drop in demand for workers is slowing: demand for workers in the first quarter was 16.2% lower compared with the fourth quarter of 2008.

Manpower Israel demand for workers rose in some sectors of the economy in June, compared with May, while it fell in others. In four sectors, the change in demand was less than 1% in either direction. Demand for workers in the financial and banking sector rose 7.1%, demand rose by 5.8% in education, and by 4.7% in manufacturing. In contrast, demand for workers fell by 5% in both the healthcare and agricultural sectors.

Manpower Israel CEO Orna Segal said, "Demand for workers in all sectors and professions fell during the second quarter, but the drop was much less than in the first quarter. We expect demand for workers in the third quarter to continue to stabilize in all sectors of the economy."

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