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

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

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.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS