Average Salaries Drop by 0.5%

YERUSHALAYIM (Hamodia Staff) -

The national average salary fell by 0.5% to NIS 9,088 per month between December 2013 and February 2014, according to figures released yesterday by the Central Bureau of Statistics.

In addition to a drop in salaries, there was a 2% increase in the number of jobs in the market, the CBS reported. There was a similar growth in the job market in the preceding three-month period (September-November 2013). By the end of February 2014, there were 3.2 million paid jobs in the Israeli market.

The most significant salary increases were in mining and quarrying, where the average wage rose by 15.6%. The greatest downturn in salaries was in real estate, which includes real estate brokers and property managers.

The largest growth in jobs came in the construction industry, with a 4.7% rise; the biggest drop in available jobs was registered in the service industry, which fell by 4.3%.

The education sector has the most employees, with a total of 470,600 paid jobs as of the end of February 2014. The mining and quarrying industry has the highest average salary, standing at NIS 22,091 by the end of February 2014.

Workers in the food and hospitality industry make the lowest average salary — just NIS 4,099 per month.