ISRAEL - Average Salary Jumps 7.9%
The average salary of employees in Israel rose by an exceptional 7.9% in March 2023 to NIS 13,658, the Central Bureau of Statistics reports. The reasons for the sharp rise include the NIS 6,000 grant received by public sector workers as part of their new collective agreement as well seasonal trends that tend to push up salaries in March.
The number of salaried jobs in Israel was 3,953 million in February 2023, up 2% from 3,874,000 in February 2022, but down 0.6% from January 2023.
The level of employment in Israel rose slightly to 61.7% in March 2023 compared with 61.4% in February 2023. Unemployment remained low in March 2023 at 3.9%, the same as in the previous month, the Central Bureau of Statistics reports. Unemployment among those aged 25-64 fell to 3.2% in March 2023 compared with 3.5% the previous month.
-www.jpost.com, 8 May 2023
Arno's Commentary
Despite internal political turmoil, Israel continues to grow. Take, for example, its population increase. Virtually all the successful, industrialized nations have seen declines in their birth rate, thus making it necessary to import foreign workers.
But Israel is special. They have something no one else on planet earth has; namely, an unconditional covenant guaranteed by the “I will” of God: “I will seek that which was lost, and bring again that which was driven away, and will bind up that which was broken, and will strengthen that which was sick: but I will destroy the fat and the strong; I will feed them with judgment” (Ezekiel 34:16).
Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.
