Photo: Visual Photos
The Central Bureau of Statistics last week reported a 57% rise in available jobs in the business sector from December 2009 and December 2010. The Israeli economy had 56,800 job openings at the end of 2010 (excluding the public sector and associations).
At the end of 2009, the number of job openings in the business sector stood at 36,200 – the lowest rate since CBS began conducting its survey of jobs in the private sector, in May 2009. CBS began collecting the data following Israel's acceptance into the Organization for Economic Cooperation and Development.
The year 2010 saw a gradual rise in the number of job openings, alongside the economy's return to a positive growth rate. A record for 2010 was recorded in October, when the number of job openings stood at 69,000.
The job openings figure does not necessarily point to the economy's unemployment rate. According to CBS figures, Israel's jobless rate dropped gradually from 7% to 6.4% between January and May 2010, but has since increased to 6.6%.
Alongside the available jobs, another factor affecting the unemployment rate is the participation in the workforce, which has been on the rise recently. In 2010, the participation rate among Israelis aged 25 to 64 in the workforce rose from 74.5% in the first quarter to 75.1% in the second quarter.
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