The continuing fall in tech job vacancies indicates a cooling down in the sector. The number of job vacancies for software developers fell 11% on average in May-July to 10,130, the Central Bureau of Statistics reports, from April-June, which was itself 7% down from March-May. Over the same period, job vacancies for computer engineers fell 8% to 14,963. Job vacancies in information technology and communications has been consistently falling since February.
Overall in July, there was a slight fall in overall job vacancies to 148,113 from 149,868 in June. However, the level of job vacancies is still close to a historic peak and this together with low unemployment reflects a very tight employment market and the Bank of Israel fears this could fuel inflation.
While there was a fall in job vacancies in the tech sector, there was a 16% rise in job vacancies in real estate and construction, an 11% rise in job vacancies for drivers but a 4% fall in job vacancies for technicians.
Published by Globes, Israel business news - en.globes.co.il - on August 18, 2022.
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