Posted 2/4/2024, 12:49:10 PM
Israeli Wages Hit Record High But Job Losses Mount Amid Slowdown
- Average monthly wage in Israel in November 2023 rose 9.5% vs November 2022 to record NIS 12,969
- Even adjusted for inflation, real average wage grew 6%
- But number of jobs fell 4.9% in same period, indicating artificial wage increase
- In tech sector, average wage rose 10.4% while number of jobs fell just 1%, suggesting real wage growth
- Published by Globes on February 4, 2024; text discusses high unemployment due to war and economic slowdown
