The average wage in Israel continued to rise in March by 5.2% - Amounted to NIS 12,672

The average wage in Israel continued to rise, and as of March was NIS 12,672, according to data from the Central Bureau of Statistics. This is an increase of 5.2% compared to the previous month and an increase of 1.5% compared to the corresponding period last year. However, the increase in the average wage is explained as a seasonal change.
The average high-tech salary in March was NIS 29,772, a decrease of about 1% compared to the previous month and an increase of 2.5% compared to the corresponding period last year. The average wage in high-tech is 2.4 times higher than the average wage in the economy and 5.6 times higher than the minimum wage. In addition, the gap between the average wage in the economy and the minimum wage continues to grow and as of March it stands at 2.4 times.
The CBS data show that the industries that "pulled" the average wage in the economy compared to the previous month are the real estate industry, where the average wage increased by 22% compared to the previous month (an increase of NIS 2,890), the financial services and insurance services sector. By 21% (NIS 4,336) and the transportation, warehousing, postal and courier services industry, where the average wage increased by 16% (an increase of NIS 1,858).
Industries that moderated the increase in the average wage in the economy are the professional, scientific and technical services industry, where the average wage fell by 7% (NIS 1,366), although it is important to note that the average wage in this industry is still high at NIS 17,639). Another industry that helped mitigate the increase in the average wage in the economy is the local, public, security and social security branch, in which the average wage fell by 6% (NIS 1,047).
The number of employee jobs in March was 3.879 million, an increase of 11.2% compared to the same period last year, and an increase of 0.9% compared to the previous month. The industries with the highest number of jobs in January were the education industry - with 569.8 thousand jobs; Health, welfare and welfare services - with 541.7 thousand jobs; And the wholesale, retail and motor vehicle repair industry - with 496.8 thousand jobs. The average wage in these professions is significantly lower than the average wage in the economy and stands at NIS 8,641 in the education industry, and at NIS 8,600 in the health, welfare and welfare services industry.
The number of employee jobs in the high-tech field was 378.9 thousand, an increase of 11.7% compared to March 2021 (339.1 thousand) and an increase of 1.1% compared to February 2022 (374.9 thousand). The high-tech employee jobs were 9.8% of the total employee jobs in the economy similar to February 2022. The highest average salary in the high-tech industry is in the research and development industry with an average salary of 32,261 followed by the programming, computer consulting and other services industry with an average salary of NIS 31,261. The industry in which the average wage is the lowest in the high-tech field is communications services and in which the average wage is NIS 21,196.
According to the division of the CBS, the high-tech field consists of sub-industries that are in different industries according to the traditional classification of the CBS. For example, the computer programming, computer consulting, and other ancillary services sub-sector is under the Information and Communication industry, which includes non-high-tech professions such as publishing and television and radio broadcasting. When examining the industries of the economy without the delimitation of high-tech, it appears that the industries in which the highest wage was recorded in March are the information and communications industry with an average wage of NIS 28,987 gross; Financial services and insurance services industry, with an average salary of NIS 24,950; Power supply, water, wastewater treatment and treatment services, with an average wage of NIS 19,724; And the manufacturing industry with an average wage of NIS 19,011.