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Average wage drops

נובמבר 5, 2009. Globes: Michal Yoshai

The average wage in Israel for salaried employees fell 2% in August to NIS 8,086 monthly, the Central Bureau of Statistics reported today.

Behind the monthly figure lie some much more interesting statistics. The average salary of Israel Electric Corporation and Mekorot workers, who as usual top the salaries table, fell by more than NIS 600 between July and August. These workers (17.4 thousand out of a total workforce of 2.79 million) earned on average NIS 18,401 in August, almost 3% less than the NIS 19,025 July average.

Among those who took the sharpest salary falls were financial sector workers, whose average salary was NIS 13,309 in August, 9%, or NIS 1,280, less than the NIS 14,589 July average.

The average salary industry fell by a similar proportion, 9%, from NIS 11,957 in July to NIS 10,847 August.

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