Wednesday, September 10, 2008

Israeli Salaries & Employment Up

The average gross national salary rose to NIS 8,448 (about $2,350) per month in June from NIS 8,072 in May, according to a Central Bureau of Statistics report on Sunday. For the first half of the year, the average gross national salary was NIS 8,120, up 1.4% as compared to the first half of 2007 Israel Electric Corporation (IEC) and Mekorot water company employees topped the salary rankings in June, with an average salary of NIS 19,573. The average salary of financial sector employees rose by 4.6% in the first half, compared with the second half of 2007 - the highest gain of any sector.

The number of Israeli wage-earners rose by 0.7% in the first half of 2008, with the financial sector again recording the largest increase, with a rise in employment by 3.4%.

The average monthly household expenditure was NIS 11,584 in 2007, 3.5 percent more than in 2006, according to the Central Bureau of Statistics on Monday. A quarter of household expenditure by the poorest 20 percent of the population is for food, while a quarter of household expenditure by the top 20 percent of the population is for transportation and communications.

More Israelis own mobile phones than landlines, according to the Monday report. Between 1997 and 2007, the proportion of households with an Internet connection rose from 5% to 59%, and the proportion of households with at least two mobile telephones rose from 7% to 64%.

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