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Good Times: Israel's GDP, Jobs, Consumer Confidence Up, Up, Up

March 9, 2010. Israel National News: Malkah Fleisher

A powerful rebound from the global economic crisis is making its mark in the Israeli job market. 

Israel's Gross Domestic Product (GDP) rose 0.7% in 2009, higher than the prediction of 0.5%. The resilient economy showed additional signs of strengthening just a few days ago, when it was reported that consumer confidence had reached a 10 year high.

Israeli job-seekers are benefiting from the rally, with a rise in the demand for workers in the financial and high-tech sectors.  According to the Manpower Israel Index, demand for workers in finance, insurance, and banking rose a hefty 7.5% in February, up a whopping 74.8% since February 2009. Accountants and mortgage consultants are particularly sought after.

In January, demand for high-tech employees grew for the eight consecutive month according to Manpower Israel, up 14.8% from January 2009. Computer programmers and experienced engineers topped the list. Jobs for high-tech executives were up 21.7% in January, reaching a level that was a striking 87% higher than January 2009.

Manufacturing is also a boon for job seekers at the moment.

Demand for workers across the spectrum rose 2.8% in February, going up 11.9% since February 2009.


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