The average net wage paid in the economy for December was NIS 7,339.73 a decrease of 0.1%

Posted on Jan 19, 2022 by Ifi Reporter

The average net wage paid in the economy for December was NIS 7,339.73, a decrease of 0.1% compared to the average wage in December 2020, which was NIS 7,353.85. The average net salary for March 2020 was NIS 6971.11.
In contrast, the median net salary paid in the economy in December 2021 was NIS 5,891, a decrease of 1.02% compared to the median net salary paid in December 2020 and was NIS 5,952. Despite this, in March 2020 the median wage was only NIS 5,193.

The data are published through Masab (Bank Clearing Center), which develops and operates the central national system for transferring payments in Israel. .
During 2021, 42.059 million Israelis received a salary, an increase of 1.02% compared to the number of wage earners in 2019, which stood at 41,636 million, compared to 2020, when the number of wage earners was 40.346 million. This is an increase of 4.24%.
Wage payments in 2021 amounted to NIS 309.578 billion, this figure also reflects an increase of 4.62% compared to 2019 where the total amount paid as net wages was NIS 295.909 billion. Compared to 2020, the increase was at a higher rate of 5.46%, with the amount transferred to wages this year standing at NIS 293.547 billion.
The data also show that in December 2021, employment in the Israeli economy reached a new peak and for the first time since the outbreak of the corona crisis, the number of net wage earners was higher than in March 2020, before the corona crisis. Last month, the number of net wage earners was 3.652 million, a figure 0.4% higher than in March 2020, before the corona crisis and its effects on the Israeli economy, where the number of wage earners was 3.650 million.
The volume of wage payments in December 2021 was NIS 26.802 billion. This figure is 5.33% higher than in March 2020, when net wage payments amounted to NIS 25.446 billion.
Comparing the number of wage earners in December 2020, this is a 6.78% increase in the number of wage earners, when in fact about 232,000 people were added to the labor market and received a salary compared to the previous year. The volume of wage payments last month was NIS 1.65 billion higher than in December 2020.
The trend of increasing the number of salary recipients continued throughout the last quarter of 2021, when the number of wage earners grew by more than 233,000 Israelis in the last three months and the volume of wage payments increased by more than NIS 1.5 billion between September and December 2021. "


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