'No signs of growth in hi-tech worker demand'

Demand for hi-tech workers was stable in March, an increase of just 0.3 percent from the previous month, and 15% below requests seen during the same month last year.

By SHARON WROBEL
April 12, 2007 07:07
1 minute read.

 
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Demand for hi-tech workers was stable in March, an increase of just 0.3 percent from the previous month, and 15% below requests seen during the same month last year. "The March 2007 index shows no change in the demand for hi- tech workers when compared with the previous month," said Idit Padan CEO of human resources company MIT Israel, citing results of the firm's monthly survey of help-wanted advertisements placed in the Hebrew press. "At the same time, demand for hi-tech workers in the first quarter of 2007 showed a minimal increase of 1.6% compared with the previous quarter. If we look further back, we can see that the demand in March was not higher than the average monthly demand reported during the months of September to December 2006 and thus demand for hi-tech workers has been stable for a long time with no signs of a return to growth." MIT Israel's monthly survey showed that its Manpower Index rose 0.3% to 109.1 in March when compared with February, but is down some 15% from 128.3 in March 2007. Padan added that the slowdown in the development of hi-tech products in the months leading to January was one of the main factors for the job slowdown in the industry. The study indicated that demand for project managers and team heads dropped 6.1% compared with February, while at the same time demand for managers rose by 20% month-over-month but was down 20% during the January to March period if compared with the same time last year.

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