Average salary drops 5.7% in October

The drop was attributed to the Jewish High Holy Days in October, which reduced the salaries of persons paid by the hour due to less working days during the month.

By SHARON WROBEL
January 9, 2006 07:32

The average gross salary dropped by 5.7 percent to NIS 7,197 from September to October 2005, the Central Bureau of Statistics reported Sunday. The drop was attributed to the Jewish High Holy Days in October, which reduced the salaries of persons paid by the hour due to less working days during the month. Seasonally adjusted figures showed that the average gross salary was NIS 7,471 in October. About 66% of employees, or 1.59 million persons, earned an average gross salary of NIS 9,328, 30% above the average gross national salary. About 27% of Israeli employees, or 642,000 persons, earned an average of NIS 1,933 in October. The average gross salary of the 60,500 foreign workers was NIS 3,952.


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