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Average wage falls

July 7, 2010. Globes: Koby Yeshayahou

The average gross salary fell 4.8% in April 2010 to NIS 8,235 a month, the Central Bureau of Statistics reported today.

In the salary rankings, Israel Electric Corporation (IEC) (TASE: ELEC.B22) and Mekorot National Water Company were in first place, with an average salary of NIS 19,676. Financial services employees were in second place, with an average salary of NIS 12,298. Catering and accommodations sector employees were in last place, with an average salary of NIS 4,091.

40% of catering and accommodations sector employees and 32% of security guards and cleaners work part time.

February-April trend figures for Israeli employees show a 2.4% annualized increase in the number of jobs.

There were 2.96 million salaried employees, of whom 2.85 million were Israelis.

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