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The demand for hi-tech workers has dropped to a new low. Demand was down 22.4% in August compared with July, and down 72% from August 2000, reports Manpower Israel.

The survey was based on wanted ads published in the popular press.

Manpower says the drop was across the board, but that the managerial echelon was worst hit, so to speak. Demand for managerial staff dropped 42.5% from July to August, and lost 85.4% against August 2000.

Demand for programmers dropped by 35% in August compared with July, and 81% compared with August 2000.

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The figure for programmers includes inexperienced ones fresh from studies, for whom demand dropped 90% from August 2000 to August 2001, Manpower qualifies.