420 thousand jobs were added in May but 1.02 million were written off in April

On Tuesday, new data were released indicating only a partial recovery in the seam period between the first and second wave of the corona crisis. It turns out that after 1.02 million employee jobs were written off in April, only about four hundred and twenty thousand new jobs were added to the economy in May.
Despite the jump in the number of jobs in May, at a rate of 15.9%, the number of employee jobs in May, 3.06 million, remained lower by about 602.8 thousand (16.5%) compared to March. Compared to May last year, the number of jobs decreased by about 18%, according to data from the Central Bureau of Statistics (CBS).
The number of jobs reported by the Central Bureau of Statistics does not distinguish between full and part-time jobs. It includes any position of employee who worked in it for even just one day during the month, provided that his employer reported it to the National Insurance Institute.
The increase in the number of jobs in May compared with April was sharper than the average even in the agriculture sector, which is not one of the main industries affected during the crisis: the number of jobs in May increased by 19.2%. Particularly sharp increases in the number of jobs occurred in the hospitality and food services industry (74.5%), in the arts, entertainment and leisure industry (66.8%) and in the trade industry (29.6%).
The CBS data are currently correct for May. In June, when the economy continued to recover, a further increase of more than 10% in the number of employee jobs in the economy is expected, according to partial reports received so far by the CBS. A particularly sharp rise is expected in the hospitality and food services, arts, entertainment and leisure industries. However, in July there was a negative turnaround in the market, and it is possible that the number of jobs reported by the CBS will fall again.
The crisis also caused sharp fluctuations in the average wage in the economy. In April, it jumped 14.6% from March, because the average wage of hundreds of thousands of workers laid off or fired was lower than the general average in the economy. In May, due to the return of many of these workers, the average wage fell again 8.1% compared to April, to NIS 11,495 (per employee position of Israeli workers), which is 5.3% higher than the average wage in March.