Israeli Salaries Rise Significantly, Exceeding 15,000 Shekels
Translated & summarized from Cursorinfo by baba
Israel's average nominal salary has exceeded 15,000 shekels, showing a 7.7% annual increase. Employment also grew, reflecting a strengthening labor market and economic adaptation.
The story in 5 lines · by baba
- Average nominal salary in Israel surpassed 15,000 shekels in June 2026.
- Nominal salaries saw a 7.7% annual increase.
- Real salaries grew by 5.9% after inflation adjustments.
- The number of salaried jobs increased by 2.1% year-over-year.
- Preliminary July data shows continued salary growth.
The average nominal salary in Israel has surpassed 15,000 shekels, reaching 15,218 shekels in June 2026, according to a report from the Central Bureau of Statistics (CBS). This represents a 7.7% annual increase from the 14,132 shekels recorded in June of the previous year. After accounting for inflation and the consumer price index, the real average salary rose by 5.9% to 12,114 shekels, up from 11,435 shekels a year prior. The labor market also saw an expansion in employment, with the number of salaried positions increasing by 2.1% to 4.219 million in June compared to the same period last year. Preliminary data for July 2026 indicates a continued trend, with the average gross salary at 14,561 shekels, a 3.5% increase over July of the previous year. Experts attribute these developments to the economy's gradual adaptation and sustained high demand for workers in key sectors. The CBS report also noted that inflation expectations remain within the target range, facilitating a reduction in borrowing costs.
