The average wage in October: NIS 10,501 - an increase of 2.1%

Posted on Jan 5, 2020 by Ifi Reporter - Dan Bielski

The average wage in October 2019 was NIS 10,501 - an increase of 2.1% compared to October last year. The Central Bureau of Statistics (CBS) released this on Sunday. Excluding the price index (ie, offsetting the effect of increases and decreases in the economy), this is an increase of 1.7% compared to the corresponding month last year.
In a yearly view, which does not take into account the seasonal differences, there was a decline, when the peak was measured in July - then the average salary was NIS 11,000 a month.
Employees in the information and communications industry enjoyed the highest average salary, at NIS 21.5 thousand; In the second place, employees of electricity supply, sewerage and waste treatment who earned an average of NIS 18.3 thousand a month; The average monthly salary in the financial services and insurance industry was NIS 16.4 thousand a month, and employees in the local, public and security administration and Social Security earned an average salary of NIS 15,000 a month. At the bottom of the list are employees of the hospitality and food services sector, who earn an average of NIS 5.2 thousand a month, and workers of management and support services who earn NIS 6.2 thousand a month.
High-tech employees, who are being treated separately in light of the shortage of manpower and its impact on the economy, enjoyed NIS 22.8,000 in October 2019 - a 1.3% increase over October 2018.
According to CBS data, there was a 0.2% decline in employee jobs in October compared to the same month in 2018, to 3,670 million.
 Trend data indicate a decrease in the number of employee jobs: Thus, in August-October 2019, the number of employee jobs decreased by 0.6% on an annual basis, compared with an increase of 0.5% on an annual calculation in May-July 2019. The main decline - in the construction industry, accommodation and food services. And the arts, entertainment and leisure. In contrast, in management and support services and health and welfare services, as well as in the information and communications industry, there were actually increases.


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