Study: Salaries rise 6.6% in past year

Still, nearly a million employees earn less than half of the average salary.

By JPOST.COM STAFF
May 7, 2006 19:20
workers building

workers building 88.298. (photo credit: )

 
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

Since February 2005, salaries have risen by an average of NIS 464, representing an increase of 6.6 percent, as revealed by a study published by the Central Bureau of Statistics on Sunday. In addition, there was an increase in the number of employees in Israel during January and February, representing a 2.4% annual rise. However the report shows that since January, the average monthly wage dropped by nearly 2%, reaching NIS 7,490. Still, nearly a million employees earn less than half of the average salary. The number of legal foreign workers in Israel was 64,300, with Palestinians constituting 14,700 of them. Their average wage in February was NIS 3,916. The highest salaries paid in February, as in prior months, were those of Israel Electric Corp. and Mekorot National Water Company employees, earning NIS 23,999 on average, due to one-time payments, while in January their average monthly wage was "only" NIS 16,503. The lowest ranking average salary was found in agriculture, NIS 4,854, and in the hotel and restaurant businesses, NIS 3,443, equaling the nominal value for minimum wage.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Jisr az-Zarq
April 3, 2014
Residents of Jisr az-Zarqa beckon Israel Trail hikers to enjoy their town

By SHARON UDASIN