Average salary falls to NIS 8,689

The number of Israeli salaried employees fell to 3.01 million in August from 3.07 million in July.

November 7, 2011 23:13
The Jerusalem Post

Money 311. (photo credit: Bloomberg)


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The nationwide average gross salary of Israeli employees fell to NIS 8,689 in August from NIS 8,910 in July, although it was higher than the NIS 8,437 in June, the Central Bureau of Statistics reported Monday.

The average salary rose an annualized 0.6 percent in the June-August period. The growth in the average salary slowed to 1.9% in June-August from 3.3% in March- May.

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The number of Israeli salaried employees fell to 3.01 million in August from 3.07 million in July, but the number of legal foreign workers rose to 89,000 from 87,900. The total workforce fell to 3.14 million in August from 3.19 million in July. However, the workforce rose an annualized 1.7% in June-August, down from an annualized rate of 2.2% in March-May.

The most rapid job growth in June- August was in the financial-services sector, up 4% but down from the 5.8% growth in March-May.

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