'War's effect on jobs still felt'

Despite a 2.6% rise in worker demand in August, it is too early to say that the war's effect on overall worker demand has ended, Manpower Israel CEO Dalia Narkis said Wednesday.

By DANIEL KENNEMER
September 7, 2006 07:19

 
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Despite a 2.6 percent rise in worker demand in August, it is too early to say that the war's effect on overall worker demand has ended, Manpower Israel CEO Dalia Narkis said Wednesday. Before rising to 100.5 in August, the worker demand index fell 14% in July to 98. The August 2006 level was therefore still 11.9% below August 2005's index level of 114. "We are still witnessing the war's influence on the economy and a slowdown in growth of general economic activity ... All these affect the slowdown in new hirings, at least until the economic uncertainty scatters and expected government measures [are implemented]," Narkis said. While worker demand dropped in hospitality and food services (down 6.5%); banking, finance and insurance (4.2%); business services (1.3%); education (14.3%) and households (2.5%), increased demand was seen in industry (up 4.5%); construction (11.5%); transportation and communications (18.9%) and community services (17.2%).

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