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Front - Globes

Thu: Insurance, energy stocks lead rise "Israel can be a window to the Mediterranean" India signs $1.1b IAI tanker aircraft deal - report Indian co KPIT to acquire Israeli startup Cymotive Strengthening shekel nears NIS 2.90/$ threshold Wizz Air Israel hub talks break down Sakal makes shock bid to buy ZIM Israeli defense-tech co Kela raising $200m at $1.2b valuation Tue: Insurance stocks lead TASE higher Israel’s most expensive home up for sale TASE readying for big wave of IPOs this month AI ecommerce co ZyG raises $60m at $500m valuation Canadian real estate co Almadev plans TASE IPO Cisco to acquire Israeli co Astrix Security Rafael close to buying VW plant Mon: Nice lifts TASE to new record Israeli startup BridgeWise teams with Elon Musk�s X Leumi Partners invests NIS 200m in Landora Ministers approve two new combat aircraft squadrons Fri: Main indices rise, Tower surges Beilinson Hospital receives record donation for cancer research Thu: Main indices edge higher Keystone joining Hot Mobile acquisition Mekorot teams with nT-Tao on nuclear fusion Lufthansa Group suspends Israel flights until June Check Point disappoints on revenue, beats on profit SuperPlay earnout payments weigh on Playtika Tel Aviv Park HaMesila penthouse sells for NIS 55m Israeli credit card players eye potential of Wizz Air loyalty club Elon Musk to visit Israel next month
Layoffs of low-paid workers skew average pay higher
Idan Eretz · 2026-04-06 · via Front - Globes

The average wage in April was 4% higher than in April 2025, though  lower than in March.

According to initial estimates by the Central Bureau of Statistics, the average monthly gross wage of Israeli workers in April this year was 4% higher than in April 2025, at NIS 14,409. This represents a decline in comparison with the average wage in March this year, when war with Iran broke out, which was NIS 15,921, 8.8% higher than in March 2025.

The reason for the year-on-year rise is not necessarily a substantial rise in pay, but rather layoffs of low-paid workers because of restrictions imposed by the Home Front Command, a phenomenon seen even more strongly during the Covid pandemic. In fact the number of jobs in the economy shrank by 1.6% in April. In March, when the war was at its height, the number of jobs fell by 7.5% in comparison with March 2025. Even in comparison with the beginning of the year there has been a dramatic decline in the number of jobs, from nearly 4.2 million in January to 3.8 million in March.

The technology industry was much less affected by the war than other sectors, and the high pay in that sector is part of the reason that the economy-wide average was skewed upwards, as technology workers remained in their jobs while others were laid off or put on unpaid leave. The average wage in the technology sector was NIS 38,467, 4.3% higher than in March 2025.

The number of jobs in the technology sector was unchanged year-on-year, which meant that for the first time for a long time it surpassed 10% of all jobs, reaching 10.4%.

Published by Globes, Israel business news - en.globes.co.il - on June 4, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.

Average wage in Israel credit: Shutterstock Rita Kapitulski

Average wage in Israel credit: Shutterstock Rita Kapitulski