Average wage up 1.4% in 2005

Growth was led by a 5% rise in business services wages, a 2.5% rise in banking, insurance and financial wages, and a 2% rise in industrial salaries.

By DANIEL KENNEMER
March 9, 2006 07:15
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The average wage of 2.36 million wage-earning employees rose an adjusted 1.4 percent to NIS 7,685 in 2005 from NIS 7,483 in 2004, the Central Bureau of Statistics said Wednesday. Growth was led by a 5% rise in business services wages, a 2.5% rise in banking, insurance and financial wages, and a 2% rise in industrial salaries. Wages in agriculture and commerce rose 1.2%, while a 0.5% rise was seen in earnings in hospitality and food services, healthcare and welfare services, and social, community and personal services. Education-sector wages fell 1% and earnings in public administration fell 2%. No significant change was seen in the paychecks of workers in construction, transportation, storage, and communications.

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