February 2010 saw a further rise in demand for workers
The steady rise in demand for workers in the financial sector continues.
According to the Manpower Index, based on help wanted ads, demand for workers in finance, banking, and insurance rose in February by 7.5% in comparison with January, and by a dramatic of 74.8% in comparison with February last year. Demand is also rising at a faster rate: the rise in demand for finance workers in January was 6.1%.
According to Manpower, the greatest rises in demand for workers in finance were for middle ranking accountants, and for mortgage consultants at the banks.
In demand for workers across all sectors in February, there was a rise of 2.8% compared with January, and of 11.9% compared with February last year. This is not a dramatic rise, but here too there is consistent improvement, as the rise in January was only 0.5%.
The largest rise in demand, apart from in the finance industry, was recorded in manufacturing: 3.6% over January, and 28.2% compared with February last year. "In the last three months, and in February in particular, we have seen an increase in demand for factory machinery operators at pharmaceutical companies," says Manpower Israel CEO Orna Segal.
"Various pharmaceutical companies have transferred substantial portions of their manufacturing operations to Israel, which has greatly boosted demand for machine operators in the industry. Machine operators' salaries have also risen, as a direct result of rising demand."
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