The average gross monthly salary was NIS 8,237 in July 2008 compared with NIS 8,448 in June, the Central Bureau of Statistics reports today. The average salary in July was still higher than the monthly average of NIS 8,120 during the first half of 2008.
Israel Electric Corporation and Mekorot National Water Company employees again topped the salary tables, with an average gross salary of NIS 20,928 in July, NIS 1,355 more than in June. Finance, banking, and insurance industry employees were in second place, with an average salary of NIS 15,834 in July, well below their average salary of NIS 17,203 in June and NIS 22,373 in May. The drop was apparently due to a lot of vacations and a lack of overtime.
The average salary of public administration employees was NIS 12,785 in July, and the average salary in industry was NIS 11,174, a figure that is distorted upwards because the Central Bureau of Statistics includes high-tech workers in this category. As always, catering and accommodation employees were at the bottom of the salary table, with an average salary of NIS 3,746 in July.
The Central Bureau of Statistics added that while the average salary fell by an annualized 2% in trend figures in May-July, while the number of salaried employees rose by an annualized 2% over the same period. There were 2.85 million salaried Israeli employees, 78,700 legal foreign workers, and 20,000 Palestinian workers in July. These figures do not include illegal foreign and Palestinian workers in Israel.
Published by Globes [online], Israel business news - www.globes-online.com - on October 6, 2008
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