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Canada: Earnings Growth at 2-Year Low

October 28 2011

Average weekly earnings of non-farm payroll employees increased 0.8 percent to $877.28 in August from July, following two months of small declines, Statistics Canada reported Thursday. On a year-over-year basis, average weekly earnings rose 1.9 percent in August, the lowest growth rate since November 2009.

The 1.9 percent year-over-year increase reflects a number of factors, such as wage growth and changes in the composition of employment by industry, by occupation and by level of job experience. A decrease in average hours worked per week was also a factor in the low year-over-year growth in earnings in August. The average work week declined 0.3 percent to 32.9 hours in August 2011 from 33.0 hours in August 2010. Average hours fell in both the goods and services sectors.

Average weekly earnings rose in every province in the 12 months to August, led by growth in Nunavut of 12.6 percent. The slowest growth was in Ontario and Quebec at 0.4 percent and 1.5 percent, respectively.

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