Average Israeli Salary Rises 6.7% in June Despite Tech Sector Slowdown
Translated & summarized from Ynet by baba
Israel's average salary rose 6.7% in June to 15,223 shekels after a seasonal dip, with tech wages also increasing despite reduced demand. Employment numbers improved slightly but remain below 2025 levels, reflecting a labor market setback.
The story in 5 lines · by baba
- Average salary in Israel rose 6.7% in June to 15,223 shekels after a seasonal increase.
- High-tech sector wages grew 2.5% in May despite a slowdown in worker demand.
- Tech salaries are 13.7% higher than May 2025 despite a recent decline from March peak.
- Salaried jobs increased 1.1% from May to June, reaching 4.216 million positions.
- Employment levels remain below 2025 averages, similar to 2023 figures, indicating a three-year regression.
The average salary in Israel increased by 6.7% from 14,263 shekels in May to 15,223 shekels in June, marking a seasonal rise after a 10.4% drop from the March peak of 15,937 shekels. This data comes from a rapid estimate of average wages for June. In the high-tech sector, average salaries rose by 2.5% from 34,870 shekels in April to 35,760 shekels in May. Despite a sharp 9.4% decline from the all-time high of 38,467 shekels in March, this represents a 13.7% increase compared to May 2025, when the average was 31,459 shekels. This increase is notable given the ongoing slowdown in demand for tech workers.
The number of salaried jobs held by Israeli employees continued to recover from the war, rising by 1.1% from 4.168 million in May to 4.216 million in June, according to a rapid estimate of salaried positions for May. However, this figure remains below the 2025 average of 4.355 million jobs and is nearly equal to the 2023 average of 4.234 million, indicating the labor market has regressed approximately three years in terms of employment numbers.
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