Job vacancies in the high-tech sector continue to decline: dropped by 8% in November-December

According to the data of the Central Bureau of Statistics (CBS) published on Tuesday, last December there were approximately 141,543 vacancies in the economy - similar to November.

But in the high-tech sector, the decline continued, when the average in October-December was 11,468 vacancies for engineers, of which 7,282 Software developers - a drop of 8% compared to the September-November average and a drop of about 35% compared to the numbers a year ago which were 16,899 engineers, of which 13,280 were software developers.
The data also shows that the manual workers who suffered the most significant decrease in the number of vacancies in relation to the September-November 2022 estimate were: network technicians, cooks, and software developers as mentioned.
The Central Bureau of Statistics also compared the entire last quarter of 2022 in relation to the last quarter of 2021. According to this comparison, the rate of vacancies for the entire survey population decreased from 4.54% in the fourth quarter of 2022 compared to 4.99% in the fourth quarter of 2021. According to the CBS , the decrease in the number of vacancies is moderate, and most of the decrease in demand is due to the increase in employment during this period.
As mentioned, the Central Bureau of Statistics notes that the information and communication industries (high-tech services) and the hospitality and food industries experienced the sharpest drop in demand according to this comparison - approximately 35% and 21%, respectively. In the construction industries there was the biggest increase in demand - 12%.
Logically, the decline in high-tech led to a sharp decline in the demand for work in the Tel Aviv district - a drop of about 25% from a vacancy rate of 6.04% in 2021 to 4.48% in the fourth quarter of 2022.
The data of the Central Bureau of Statistics shows that the district with the highest number of vacancies is the Central District with approximately 39,882 vacancies in the fourth quarter of 2022. The highest demand for work is also found in this district.
Both in the fourth quarter of 2022 and in the fourth quarter of 2021, the number of vacancies in the Tel Aviv and Central districts is greater than the number of vacancies in the other districts combined, with the demand for work in the northern and Haifa districts being the lowest at 3.98% and 3.99%, respectively.