In December 2024, the average monthly wage in Israel was 14,334 New, an increase of 4.4 % from December 2023, according to the reports of the Central Bureau of Statistics, according to preliminary figures. The inflation was 3.2 % during the same period, so that wages increased faster than high prices, and the average monthly wage reached a record level.
This is a particularly exciting increase compared to November 2024, when the average wage was only 13,068 NIS. However, December is usually a strong month in wage data, and November 2024 is weak compared to the month in previous years. Now, wage data is caught, which creates a special gap in particular between months. This number also comes after several months of decrease in average wage, when the average wage in September 2024 was 13505 NIS.
According to the preliminary figures for December 2024, the number of employees arranged in Israel was 4,059,000 in Israel, an increase of 1.1 % from 4,013,000 in November 2024, and much higher than 3,888,000 in December 2023.
In the technology sector, where the latest data indicates November 2024, the average monthly wage was 29,736 NIS, only 1 % of November 2023, less than the 3.4 % inflation rate during this period.
Wages in the technology sector can be unusually low in November and rose sharply in December, as with average wage in the economy, so that next month there is an increase here as well. The number of salaries in the technology industry increased by 1.1 % during that period, and until November there were 39,5300 technical jobs in Israel, which was about 10 % of all jobs in the economy in that month.
It was published by Globes, Israel Business News – En.globes.co.il – on February 4, 2025.
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