Employment

In October 2023, after the outbreak of the war, the average salary in Israel was NIS 12,488, 5.9% higher than in October 2022, the Central Bureau of Statistics reports.

While the October figures show no fall in unemployment, the full numbers presented by the Central Bureau of Statistics clearly indicate a cooling off in the job market, with many employees going on unpaid leave.

Job vacancies in Israel fell 18% from 114,000 on October 15 to 93,000 on November 7, the Central Bureau of Statistics reports.

Google Israel employees are entitled to work abroad for up to 30 days at the company's expense.

Israel's Minister of Interior Moshe Arbel and Sri Lanka's Ambassador to Israel Nimal Bandaranaike have signed an agreement, which will allow Israel to immediately hire 10,000 Sri Lankan farm workers.

The Ministry of Labor calculates that 764,000 Israelis are not in their jobs at the moment, less than the 28% of the workforce at the peak of the Covid pandemic.

During the surprise attack on October 7 many of the Thai farm workers were murdered or taken hostage in Gaza, while others fled the country in the wake of the carnage.

Israel's unemployment rate fell to 3.1% in August 2023, the Central Bureau of Statistics reports - the lowest rate since the current method of measuring unemployment was introduced in 2012.

In the tech sector, salaries jumped by even more in June 2023, the Central Bureau of Statistics reports.

The tight job market is weighing on the fight to tame inflation.

The company has 165 employees in Israel, according to IVC.

The recruitment drive comes in the wake of the May announcement that the company is developing a supercomputer in Israel.

The average salary in Israel in June 2023 was NIS 13,295, 6.3% higher than in June 2022, the Central Bureau of Statistics reports.

As the tech giant streamlines with two large rounds of layoffs, Meta is focusing on firing rather than hiring.

In the second quarter of 2023, employment among Arab women reached 45%, up from 33% in 2014.

The Israeli fintech company has been forced to dismiss 150 of its 200 employees.

Public sector workers in Israel will receive an 11% pay hike by the end of 2027.

Job vacancies are falling but unemployment remains very low, the Central Bureau of Statistics reports.

52% of companies in Israel in the high-tech services sector cut their number of employees in the first half of 2023, the Central Bureau of Statistics reports.

Google has confirmed that jobs will be lost as its ads system is merged into Google Ads.

The company also reported that Global University Systems (GUS) is investing up to $50 million in Selina.

At the end of 2022, Payoneer had 2,336 employees in 36 countries, with the largest number, about 1,200, in Israel.

The average monthly salary of employees in Israel rose by 5.1% in April 2023 to NIS 12,669, compared with April 2022, the Central Bureau of Statistics reports.

This is the US computer drive and data storage company's second round of job cuts in Israel over the past six months.

At the end of 2022, the Israeli digital insurance company had 1,367 employees including 300 in Israel.

The very tight job market contributes to inflation and makes it all the more likely that the Bank of Israel will hike the interest rate next week.

The new round of layoffs has the potential to affect the company's activities in Israel in the Client Computing and DCAI Groups.

The Israeli quartz countertop manufacturer said that the streamlining plan will make the company's organizational structure and global manufacturing operations more efficient while reducing expenditure.

Between 77 and 97 employees of the Israeli advanced communications software company will be leaving.

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.