The Central Bureau of Statistics reported Sunday that salaries were down in Israel in the third quarter of 2008. The average salary is down 1.2% as opposed to the second quarter of 2008. Hardest hit was the financial sector where salaries declined 8.2%.
On the other hand the number of jobs is up 0.3% in the third quarter as opposed to the second quarter. The largest rise is in the lodgings and food industry where the number of jobs is up 1.7%.