In August 2024, the typical month-to-month wage in Israel was NIS 13,138, up 5.3% from August 2023, the Central Bureau of Statistics reviews.
In August 2024, the typical month-to-month wage in Israel was NIS 13,138, up 5.3% from August 2023, the Central Bureau of Statistics reviews. Inflation was 3% over the identical interval in order that wages are rising sooner than costs are rising. Nonetheless, wages have been eroded from the earlier months – NIS 13,591 in July and NIS 13,924 in June – which could be defined by seasonal components.
The rise in wages is supported by the unemployment knowledge printed by the Central Bureau of Statistics, which sees unemployment at a 50 yr low of two.7%. The job market stays tight partially due to a dramatic rise in authorities spending due to the battle and that is additionally fueling inflation, which has risen to three.6% over the previous yr.
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Within the tech sector the typical month-to-month wage in July 2024 was NIS 31,508, up 7.4% from July 2023, nicely above the inflation charge. The sharp rise additionally displays a widening of the typical within the tech sector in Israel from the general common month-to-month wage. The variety of jobs within the tech sector rose 0.3% in July from June and was up 1% from July 2023.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on October 6, 2024.
© Copyright of Globes Writer Itonut (1983) Ltd., 2024.
Common wage in Israel credit score: Shutterstock Rita Kapitulski
