War cuts worker demand 13%

"This is the first expression of the war's influence on any regular economic variable," said Manpower CEO Dalia Narkis, who added that lasting effects on demand would depend on how long fighting continues.

By DANIEL KENNEMER
August 10, 2006 07:09

 
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Worker demand in July was 14.1 percent lower than in June and 12.9% lower than in July 2005, Manpower Israel said Wednesday, calling the "sharp drop" in all sectors a "direct result" of the outbreak of war in the North. Industry and commerce led the decline. "This is the first expression of the war's influence on any regular economic variable," said Manpower CEO Dalia Narkis, who added that lasting effects on demand would depend on how long fighting continues. But it had yet to be determined to what extent the war had aggravated pre-existing drops in worker demand.

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