Salaries for Israelis continued to rise in September, numbers released Wednesday by the Central Bureau of Statistics showed. The average Israeli worker now makes NIS 10,856 a month before taxes, 4.6% more than in September 2018. The figure is slightly lower than the highest number – NIS 11,000 – recorded in June. The CBS attributed the falloff to the seasonal issues, with some workers still on vacation and others working fewer hours based on their industries.
A total of 3.713 million people were working in Israel in September 2019, 4.1% more than in September 2018 – an increase of 145,900 filled positions. The CBS earlier reported that the unemployment rate in Israel was 3.4%, a 40 year low. Between July and September, average salaries in all industries were up 2.4%, following an increase of 2.5% between April and June, the numbers showed.
The top earners were, as usual, high-tech worker, who on average earned NIS 22,249. They were followed by workers in electrical, sewer, and water infrastructure, who earned an average of NIS 19,489, but split between the industries, water and electricity workers were the highest earners in the economy, with average salaries of almost NIS 26,000, while sewage workers earned just NIS 11,900. Bank and financial industry workers earned NIS 17,520 a month, while local and public officials, IDF officers, and National Insurance workers earned NIS 17,200.
With that, the majority of Israelis earned below the median. The largest group of workers – about 510,000 altogether – earned an average of NIS 8,297 a month. Workers in the wholesale, retail, and car repair industries, which count approximately half a million employees, earned on average NIS 9,221 a month. Workers in the health and lifestyle industries earned on average NIS 9,221 a month; 430,000 Israelis work in these industries. At the bottom of the list of earners were those in food service, and they earned on average NIS 5,300 a month.