Israel's Average July Salary Drops 4.3% After June Surge
Translated & summarized from NEWSru Israel by baba
Israel's average salary fell by 4.3% in July to 14,561 shekels, a seasonal correction after a June surge. Meanwhile, the high-tech sector saw a 2.3% salary increase in June.
The story in 5 lines · by baba
- Average salary in Israel decreased by 4.3% in July.
- The July salary drop followed a 6.7% increase in June.
- The average July salary was 14,561 shekels.
- Employment grew 1.1% from June to 4.23 million workers.
- High-tech salaries rose 2.3% in June to 36,584 shekels.
The average salary in Israel experienced a seasonal decline of 4.3% in July compared to June, settling at 14,561 shekels. This drop is seen as a correction following a significant 6.7% increase in June. The number of employed individuals rose by 1.1% from June and 0.3% year-over-year, reaching a total of 4.23 million.
Data for the high-tech sector in June shows a 2.3% salary increase, bringing the average to 36,584 shekels per month. This growth in high-tech was less pronounced than the overall market increase. The June average is still notably below the historical peak of 38,467 shekels recorded in March, which was followed by a 9.4% decrease in the average salary. The number of employees in the high-tech sector remained largely unchanged.
