financial graph 311.
(photo credit: stock photo)
The number of available jobs fell an average of 9 percent in the second quarter,
after increasing for three consecutive quarters, as uncertainty in the economy
grows, the Industry, Trade and Labor Ministry reported Sunday.
figures show a decline in the number of available positions,” the report said.
“The number of available jobs is higher than the average in 2009 but still much
lower than the levels of demand for workers in the years 2006 to
The employment balance, new hiring minus layoffs, declined from
the previous quarter, the report said. The number of available jobs fell from a
daily average of 55,900 in seasonally adjusted terms in the first quarter to
51,000 in the second quarter, it said.
The number of available jobs in
the business sector rose by 54% compared with the second quarter last year, the
The decline in available jobs was most felt in the
industrial, construction, transportation, communications and community-services
The employment balance was positive in the second quarter, at
28,300 positions, and down from a positive balance of 51,500 in the
quarter and a negative balance of 9,400 in the same quarter last year,
“There is a sharp decline in the employment balance, but it
is still positive, which means that employment in the second quarter
to grow but at a slower pace than in the previous quarters,” the report
“Furthermore, the number of layoffs in the reported quarter fell by 22%,
62,000 from 79,000 in the previous quarter.”
Expectations for the third
quarter point to growth in available jobs, although there was a reported
in the expectations for activity in the business sector, the report
“The increased level of uncertainty in the economy in recent months
as result of the economic crisis in Europe is having an impact on the
market and expectations,” said Benny Pfefferman, head of the economics
research division at the Industry, Trade and Labor Ministry.
next couple of months will tell if we are experiencing a temporary
the improvement in the economy seen since the second half of 2009, or a
The Central Bureau of Statistics reported last week that May’s
unemployment rate had fallen to 6.5% from 6.6% in April as the economy
in the last quarter of 2009 and first quarter of 2010. Last May,
stood at 7.8%.