Average wage up 1.2% in Q1

In March, Israeli employees earned NIS 7,695 on average, reflecting a 4.8% annualized rise in February-March according to trend data, the CBS said.

arrow up biz 88 (photo credit:)
arrow up biz 88
(photo credit: )
The average wage among Israel's 2,529,600 wage-earners was a seasonally adjusted NIS 7,202 in the first quarter, 1.2 percent more than in the previous quarter, the Central Bureau of Statistics said Wednesday. In March, Israeli employees earned NIS 7,695 on average, reflecting a 4.8% annualized rise in February-March according to trend data, the CBS said. Trend data also indicated a 2.4% annualized rise in the number of wage earning positions over the two-month period. The 63,800 foreign workers in the country earned NIS 4,238 on average, the bureau said, adding that there were 11,600 residents of the Palestinian Authority working in Israel in March.