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Israel's Job Market Sees Growing Gaps Between In-Demand and Oversaturated Fields
Israel's job market shows a growing divide, with shortages in industry and construction but increased competition in academic and tech fields. The October Employment Service report indicates a stable number of job seekers but a shift in their composition and longer periods to find employment.
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What happened
- 01Israel's job market faces a growing gap between sectors with worker shortages and those with high competition.
- 02The tech sector experienced a 60% increase in job seekers since September 2023.
- 03Competition is intensifying for academic professions, while industry and construction face worker shortages.
- 04Job seekers are taking longer to find employment, indicated by increased use of unemployment benefits.
- 05The composition of job seekers is changing, with shifts in age, gender, and socio-economic backgrounds.
The tech sector saw a 60% rise in job seekers since September 2023.
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