Average monthly wage in Israel hits new record

The average monthly wage in Israel in November 2023 rose 9.5% from November 2022, the Central Bureau of Statistics reports, reaching an all-time record of NIS 12,969. Even taking inflation into account, the average wage rose in real terms by 6% between November 2022 and November 2023.

But there is a particularly large caveat. In November 2023, the number of salaried jobs in the economy fell by 4.9% compared with November 2022, and was also down 2.5% compared with October 2023. Due to the war many employees have been laid off or put on unpaid leave because of the slowdown in…

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News Source: en.globes.co.il


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