Trade and services hires 21,000 in Q1

The number of employees in the trade and services sector rose by 2 percent in the period over the last quarter of 2005 to a total of 1.12 million.

By SHARON WROBEL
June 12, 2006 08:55
1 minute read.

The trade and services sector recruited 21,000 new employees in the first quarter compared with 4,337 new employees in the industry sectors, according to a report released by the Federation of the Israeli Chambers of Commerce. The number of employees in the trade and services sector rose by 2 percent in the period over the last quarter of 2005 to a total of 1.12 million. In the industry sectors, employment rose by 1.1% to a total of 396,972. Uriel Lynn, president of the FICC said Israel was following global business trends where the trade and services sector represented the largest employers. The business sector as a whole attracted 26,000 new employees, an increase of 1.6% to 1.65 million in the first three months of the year. Sector by sector analysis showed that employment in the building sector rose by 0.6%, or 800 new employees, to a total of 134,644. Within the trade and services sector, employment in business services fell by 2.9% as a result of 10,000 job cuts. Meanwhile, employment in the trade sector rose by 1.7%, with 5,900 new recruits. The transportation, storage and communications sector hired 13,500 new employees, an increase of 8.2%; the hospitality and food sector had 7,500 new entrants, an increase of 6.4%; banking and finance had 2,470 new recruits, representing a 3% rise in their work force; while housekeeping businesses hired 1,500 new employees, an increase of 3.2%.


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