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

Posted on Jan 5, 2020 by Ifi Reporter

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.


ABOUT IFI TODAY

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum

Newsline

NVIDIA has announced the acquisition of Israeli startup Run:ai - will pay approximately $600 million

Apr 24, 2024 by Ifi Reporter

In a strategic move to bolster its artificial intelligence (AI) capabilities, technology giant NVIDIA has announced the acquisition of Israeli startup Run:ai. While the exact amount of the transaction remains undisclosed, sources familiar with the matter suggest that NVIDIA will pay... Continue reading →

House of Representatives voted in favor of the military aid package to Israel

Apr 20, 2024 by Ifi Reporter

The American House of Representatives voted this evening (Saturday) in favor of transferring the military aid package to Israel, Ukraine and Taiwan, worth 95 billion dollars. Israel's share of the aid package is expected to reach $14 billion, which will be used, among other things, to renew... Continue reading →

United Airlines Cancels Flights to Israel Until May 2 Amid Security Concerns

Apr 19, 2024 by Ifi Reporter

In response to ongoing security concerns, United Airlines has announced the cancellation of its daily flight from Newark to Tel Aviv until May 2. The decision reflects the airline's commitment to prioritizing the safety of its passengers and staff amidst the uncertain security situation.... Continue reading →


Testimonials

No testimonials. Click here to add your testimonials.