Also in high-tech: the number of job vacancies decreased in October

The number of job vacancies in Israel decreased in October to 143,000, compared to 146,000 in September, according to CBS data. The decline is prominent in construction and restaurant industries, alongside an increase in demand for practical engineers and technicians. The employment rate in high-tech continues to drop to 9.5%, possibly due to the impact of artificial intelligence.

The number of job vacancies in the Israeli economy decreased in October to 143,000, compared to 146,000 in September, according to seasonally adjusted data from the Central Bureau of Statistics. The vacancy rate per 100 employees edged down to 4.32 from 4.4 in September. The data is similar to that recorded since mid-2024, when the rate stabilized around 4.5, higher than 2019 (3.5) but lower than post-COVID peaks (5). The decline is prominent in construction (house builders -7%) and restaurants (waiters and bartenders -10%), alongside a 5% increase in demand for practical engineers and technicians. In high-tech professions, software developer positions fell by 6% on average in August-October compared to July-September, and the number of high-tech employees dropped to 9.5% of all employees, compared to 10% a few years ago. The article notes that this may be due to the artificial intelligence revolution, which reduces the need for junior programmers.