Labor Market

The US labor market strengthened significantly in August, adding 162,000 non-farm jobs, well above economists' forecasts. The unemployment rate remained steady at 4.1%.

While office workers fear for their future, Jensen Huang offers reassurance, explaining that the technological arms race will create hundreds of thousands of jobs for manual laborers who will build the infrastructure of tomorrow.

The chief economist of OpenAI claims that artificial intelligence will not necessarily eliminate jobs, but may actually make caregiving professions more in-demand and valued than ever before.

In the United States, about 4% of workers may be replaced by AI, yet a JLL study reveals that this shift is fueling, rather than reducing, demand for office space in tech hubs.

A new study published in the UK highlights a significant generational gap regarding workplace discipline. Employees under 29 are twice as likely to fake illness to miss work compared to their older counterparts.

About half of Israel's senior citizens live without a pension, and tens of thousands continue to work at an advanced age: the shuttle driver who returns to the road after two surgeries, the security guard who travels every evening from the north to the center, and the 75-year-old factory worker. "People don't work at these ages because they are bored. They work because they have no choice."

Tens of thousands of skilled workers who immigrated from the former USSR in the 90s are approaching retirement. In the industry, the rate of former USSR immigrants aged 60 and over is 2.3 times higher than the average in the economy. The President of the Manufacturers Association stated that the next government must act urgently.

Bill Gates warns that there is currently no plan to address the social, political, and economic disruptions caused by artificial intelligence. He argues that leaders and communities are not yet adequately prepared.

Washington is promoting a new fee that will make it harder for skilled workers to immigrate to the United States.

A recruitment expert who has worked with Google and TikTok reveals the dramatic shift in the job market and explains which common phrases in resumes cause employers to reject you immediately.

Even the wealthiest parents in the United States are currently worried about the economic future of their children. Generation Z is dealing with a slowdown in hiring for entry-level jobs, fierce competition, and the entry of artificial intelligence into roles previously performed by recent university graduates. Now, even billionaires with vast wealth are starting to ask themselves the same...

Every year, about 1,500 new social workers finish their studies, but many of them do not reach the public sector, and those who do often drop out within two years. Severe burnout, a salary that does not keep up with the cost of living, and an unimaginable workload push them out. "When I started dreaming about work at night, I realized that was enough."

While the debate on AI often focuses on job displacement, a quieter issue is emerging: if artificial intelligence performs the tasks traditionally used for training, how will beginners gain the expertise needed to become future seniors?

Employment data from the Central Bureau of Statistics and the Employment Service indicate that the country has returned to a 'war routine.' This hinders growth and the entry of young people into the labor market, causing long-term economic damage.

The cost of living, life expectancy, and pension gaps are driving many Israelis to remain in the labor market beyond age 65. Analysis of Hilan's data reveals significant gender gaps favoring men, strong loyalty to existing employers, and distinct sectoral trends for older workers.

Demand for juniors in high-tech has shrunk, many young people remain outside the labor market, and about a quarter of a million workers have simply "disappeared". The average wage in the economy has indeed risen by 7%, but in practice, it is barely felt in the pocket. Why is this happening, and how much has the war affected the data?

Israel's unemployment rate rose to 3.3% in July, with the broad rate reaching 4.4%. The increase is largely attributed to seasonal layoffs of education personnel during the summer break.

The number of job vacancies rose by 1.5% from 146.8 thousand in June to 148 thousand in July. This trend continues following Operation Lion's Roar, despite the fluctuations observed during the war.

Mass youth protests in New Delhi have highlighted the severe labor market crisis in India. With youth unemployment at 16%, university graduates are struggling to find work that matches their educational qualifications.

The number of job seekers who are software developers and application analysts has risen over the last two months by 9%, from 7,950 in May to 8,650 in July, according to the Employment Service.

Employment Service data for July: the number of job seekers rose by about 4.6 thousand to about 173.5 thousand - but the increase is mostly explained by the seasonal phenomenon of "summer layoffs", mainly education workers, women, and the Haredi society. At the same time, the trend of job seekers actually continued to decline and the demand for workers strengthened: about 150 thousand job...

The fixed work model is giving way to a more flexible market: employees are looking for control over their time and diverse sources of income, while businesses need manpower available on demand. Technology is becoming the engine that connects the two sides.

A new employment report reveals that the number of job seekers reached 173.5 thousand, driven by seasonal layoffs in the education sector. Meanwhile, there is an increase in the share of academics and those from high socio-economic clusters.

Legislation in several countries prohibiting employers from contacting staff outside working hours raises the question of whether such norms will reach Israel. Constant digital availability is blurring the lines between work and leisure, contributing to employee burnout.

Ofer Klein, head of the Economics and Research Department at Harel Insurance and Finance, commented on the CBS business trends survey, which revealed a positive start to the current quarter, noting a surprising recovery in real estate and an unprecedented number of Israelis flying abroad this summer.

Official salary data shows an increase, but a new in-depth analysis of the labor market reveals that this is not a real benefit for workers, but a worrying structural change affecting the entire economy.

The Psagot investment house warns that the combination of a tight labor market and a rapid surge in wages will continue to fuel inflation and will directly affect the Bank of Israel's decisions in the coming years.

The employment report reveals an unexpected decline in the number of employed and a sharp slowdown in hiring. Economists estimate that the Fed's next move will directly affect the markets as early as this September.

A new survey by the Israel Innovation Authority and Tzafrir company presents a complex picture of Israeli high-tech, where the total number of employees remains stable but demand is changing. While software companies are streamlining and laying off, the hardware and deep-tech sectors continue to expand. In the background, the influence of AI is growing and is beginning to be a central...

Giant companies rushed to cut staff in the blind belief that artificial intelligence was ready to fully replace humans - but the awakening was painful: data from Forrester and Gartner, alongside operational crises at Ford and IBM, reveal that rapid automation has created engineering bugs, a collapse in customer service, and the erasure of organizational knowledge. This is the most expensive...

According to a new macro review by Leader Capital Markets, the economy is recovering rapidly, but an annual wage jump of about 7% creates a real inflation risk and complicates the next interest rate decision.

A large-scale study by Nomura Holdings indicates that AI creates more jobs than it eliminates. Despite concerns, the number of new positions generated in the early stages of the AI revolution exceeds the number of jobs lost.

The US labor market saw a surprise job loss in July, easing concerns over interest rate hikes and driving a 5% weekly gain for the Nasdaq. In Tel Aviv, the focus shifts to earnings reports from major banks, alongside companies like Camtek, Elbit, and Strauss.

A paradox is shaking the US economy: while the labor market has lost jobs, the unemployment rate has fallen. The explanation lies in the number of Americans who have simply stopped looking for work.

The wave of layoffs in high-tech and the preference for experienced employees signal that artificial intelligence is already changing the labor market. Israel must establish short and accessible training tracks that will allow employees to update their skills, change professions, and remain relevant.

The probability of a Federal Reserve interest rate hike in September has fallen to 43.9% following weak July employment data. The number of jobs decreased by 23,000, against an expected gain of 83,000.

US employment saw a surprising decline of 23,000 jobs in July, missing the forecast of 83,000 new positions. Meanwhile, the unemployment rate fell to 4.1%.

Wall Street futures signal gains. European markets are trading positively, while Asian markets closed mixed. Bank of America estimates that the US labor market added about 80,000 jobs in July. Monday shareholders approved doubling the compensation package for the CEOs.

From high incomes in central cities to significant gender gaps: a detailed analysis of the Israeli labor market based on age, profession, and geography.

In recent years, the status of the bus driver in Israel has become increasingly prominent. If in the past the role was perceived as a technical job of transporting passengers from point to point, today it is a profession with high responsibility, daily impact on thousands of families, and stable employment opportunities for years to come.

From claims of bullying at the Prime Minister's residence to quiet exclusion in government ministries: the alarming data of the Israeli labor market, and the reason why the problem will not solve itself.

The heads of the construction company Omer Handasa welcome the replacement of Palestinian workers with foreign ones, claiming: "The workforce today is more stable and of higher quality." They estimate that the peak of the crisis in the industry is behind us, protest against the authorities' lack of recognition of the industry's difficulties, and state: "When we dealt with state tenders, we did not...

A new study by Payoneer Workforce Management reveals that Tel Aviv is among the most expensive global cities for hiring, while offering employees one of the lowest net salaries.

The labor market has shifted: employees now evaluate workplaces based on daily experiences rather than just salary. Employer branding has become a vital measure of trust and retention.

German automotive giant Volkswagen is laying off hundreds of managers as the industry struggles with Chinese competition. Recruitment experts warn that the market cannot absorb this influx of senior staff.

The coming week on Wall Street will be marked by US employment data and the continuation of the second-quarter earnings season, with Israeli companies Tower, Nova, and Wix in the spotlight.

More than 26,000 soldiers have been wounded since the outbreak of the Iron Swords war. For their successful long-term rehabilitation, integration into the labor market is as critical as medical care.

Tech giants and AI companies are in a fierce race for skilled manual labor, such as electricians and carpenters. These professionals are essential for building the massive data center infrastructure that AI models cannot yet replace.

The "Bye-Tech" event brings together former high-tech employees who traded high salaries for careers in social work, education, and agriculture, seeking to find greater meaning in their professional lives.

After a year of slowing hiring, companies in technology, transportation, and defense industries now say they need additional workers to work alongside artificial intelligence.