Electricity and water supply workers earn most

CBS estimates that the industry with the highest average salary is in the category of electricity and water supply.

electricity line old370 (photo credit: Marc Israel Sellem)
electricity line old370
(photo credit: Marc Israel Sellem)
Set aside visions of high-rolling bankers and financial gurus – the Central Bureau of Statistics has set the record straight.
Tucked into its wages report for October 2012, released on Monday, the CBS estimated that the industry with the highest average salary was in the category of electricity and water supply. Covering all employment having to do with the creation and distribution of electricity and water, monthly wages in the field averaged NIS 21,746.
That was a full 56.4 percent more than finance (NIS 13,903), the next-highest of the 13 divisions the CBS uses to classify employee wage data.
The food services industry, on the other hand, had the lowest average wages, with workers earning, on average, NIS 4,342 a month.
A deeper look into the data showed that certain sub-categories also earned a pretty penny; Control and supervision of industrial equipment for medicine and science paid out NIS 20,836, and research and development in real estate and business paid an average of NIS 20,351.
The data, however, represented industrial classifications, not specific professions, and only covered wages paid out by employers, a CBS spokesperson said. People earning income from business investments or company ownership, for example, would not be included in the data.
The report found that overall wages in Israel between August and October rose an annualized 1.8% in constant prices, landing at an average of NIS 8,800. Although still positive, the increase was lower than the 3.6% jump registered from May-July, suggesting a downward trend.
Close to 100,000 foreign workers, representing about 3% of the work force, earned average salaries of NIS 4,949, some 43.7% less than their Israeli brethren.
The report also showed the total number of jobs in the economy increasing 1% to 3.08 million. The industry with the biggest job gains was education, which added a whopping 6.1% to its payrolls, while health and – you guessed it –electricity and water supply also added substantial numbers to their ranks. Building, on the other hand, saw a 4.6% drop in the number of positions, followed by transportation and food services.
Of all the jobs in the economy, the report found that government work represented some 18.3% (at 564,600 jobs), while the vast majority of employees, 66%, earned their daily bread in non-financial firms.