The number of job vacancies in the Israeli market stood at approximately 119,000 in August, compared to about 117,700 positions in July, according to data from the country’s Central Bureau of Statistics (CBS) published on Wednesday.
The vacancy rate in the labor market remained stable at 3.74 compared to 3.73 in July. According to the data, the decline in job vacancy seen in Israel in recent months has halted, alongside reports of an extremely low unemployment rate in the market that CBS published Tuesday.
However, these data could also indicate a slowdown in the market, as it is possible that job seekers are making compromises when choosing their next jobs due to the high cost of living in the country.
The high-tech sector saw a small additional increase in demand for workers after a slight rise in the previous month, following months of declining job vacancies in the field. From June to August, the number of vacant positions for software developers increased by 1% to 5,533. The average number of vacant positions for engineers (computer engineers, electrical engineers, industrial and management engineers, and mechanical engineers, among others) rose by 3% to 9,594.
On the other hand, the job market saw a 13% decrease in vacancies for bartenders and waiters, totaling 6,750, and a 6% decrease in vacancies for retail jobs (sales representatives, shop clerks, and vendors in stalls and markets) to 9,797.