Demand for hi-tech workers falls

Idit Padan, CEO of MIT Israel, said the data indicate a slowing trend in the demand for workers in the fourth quarter given that demand had dropped compared to both last year and the first half of 2006.

By AVI KRAWITZ
December 7, 2006 06:39

 
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The demand for hi-tech workers rose 0.6 percent in November from October but was still 10.9% lower than the parallel month last year, MIT Israel said Wednesday citing the results of its monthly survey of the number of job placement advertisements in the country's newspapers by the sector. Idit Padan, CEO of MIT Israel, said the data indicate a slowing trend in the demand for workers in the fourth quarter given that demand had dropped compared to both last year and the first half of 2006. The MIT hi-tech workers index, which uses the monthly average of adverts placed in 2002 as its comparable base of 100, stood at 108.9 in November as demand for most position-types dropped led by network managers and support personnel, which has decreased 60% since May.

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