Data from Masab (Banking Clearing Center), which manages the central national system for transferring payments in Israel, show that in February 2021, which was initially a tight closure on the Israeli economy and during which a large part of the restrictions on economic activity was lifted, more than 60,000 people declined. In the number of net salary recipients compared to January.
The number of salary recipients for the month of February (February 20, 2021 to March 10, 2021) is 3.37 million Israelis. This is a decrease of 1.77% compared to the previous month in which 3.43 million Israelis received a salary.
Data on the transfer of “net salaries” for February show that the number of salary recipients is less than 275,000 compared to the amount received for March 2020, before the start of the corona crisis and its effects on the Israeli economy. In February 2020, wage payments were transferred to 3.47 million Israelis, a figure that is 2.86% higher than the number of wage recipients in February 2021.
The volume of salary payments for February decreased by 0.3% and amounted to a total of NIS 24.792 billion, compared with a total of NIS 24.870 billion paid for the January salary. This is a decrease of more than NIS 78 million compared to the amount transferred in respect of the January salary.
The average net salary paid for the February salary increased by 1.48% compared to the average salary paid for the January salary. In February, the average net salary was NIS 7,345.56, compared to the average net salary of NIS 7,238.27 in the previous month. This is the highest average wage paid in the economy in the past year, with the exception of the wage paid in June and July salaries, which includes the convalescence allowance component.
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