Average weekly earnings of non-farm payroll employees in Canada rose 3.4% year-on-year to $1,173.90 in December 2022, down from a downwardly revised 4% increase in the prior month. It was the 19th month of growth, with 17 of the 20 sectors reporting gains. The goods-producing sector recorded the largest increase (+3.7%), mainly utilities (+8.5% to $2,070) and mining, quarrying and oil and gas extraction (+6.6% to $2,333). Slightly slower year-over-year growth was observed in the services-producing sector (+3.0%), with stronger gains in real estate and rental and leasing (+8.2% to $1,293), information and cultural industries (+6.9% to $1,642) and wholesale trade (+6.7% to $1,407) partially compensated for weaker growth in educational services (+2.6% to $1,174). Newfoundland and Labrador (+6.7%, to $1,177) recorded the largest proportional gain in average weekly earnings in December, followed by New Brunswick (+4.6%, to $1,078) and Quebec (+4.5% to $1,130). source: Statistics Canada

Wage Growth in Canada averaged 2.45 percent from 1992 until 2022, reaching an all time high of 10.30 percent in May of 2020 and a record low of -0.40 percent in May of 2001. This page provides - Canada Average Weekly Earnings YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Average Weekly Earnings YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Wage Growth in Canada is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Average Weekly Earnings YoY is projected to trend around 1.90 percent in 2024 and 2.20 percent in 2025, according to our econometric models.

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Canada Average Weekly Earnings YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-01-26 01:30 PM Nov 4.2% 3.4% 3.2%
2023-02-23 01:30 PM Dec 3.4% 4% 3.0%
2023-03-30 12:30 PM Jan 3.4% 2.9%


Related Last Previous Unit Reference
Unemployment Rate 5.00 5.00 percent Feb 2023
Employed Persons 20054.10 20032.30 Thousand Feb 2023
Unemployed Persons 1066.40 1046.00 Thousand Feb 2023
Part Time Employment -9.30 28.90 Thousand Feb 2023
Full Time Employment 31.10 121.10 Thousand Feb 2023
Employment Change 21.80 150.00 Thousand Feb 2023
Labor Force Participation Rate 65.70 65.70 percent Feb 2023
Youth Unemployment Rate 9.90 9.50 percent Feb 2023
Labour Costs 129.07 125.36 points Dec 2022
Productivity 107.52 108.07 points Dec 2022
Wages 29.44 29.09 CAD/Hour Dec 2022
Wages in Manufacturing 30.47 29.99 CAD/Hour Dec 2022
Minimum Wages 15.50 15.00 CAD/Hour Oct 2022
Population 38.93 38.23 Million Dec 2022
Average Hourly Earnings 33.87 33.72 CAD Feb 2023
Employment Rate 62.40 62.50 percent Feb 2023
Wage Growth 3.40 4.00 percent Dec 2022
Non Farm Payrolls 17844.00 17708.00 Thousand Dec 2022
Job Vacancies 991680.00 1031955.00 Sep 2022

Canada Average Weekly Earnings YoY
In Canada, average weekly earnings (including overtime) refers to the gross taxable payroll (including overtime) divided by the number of employees. It is calculated for all types of employees. In general, changes in weekly earnings reflect a number of factors, including wage growth; changes in the composition of employment by industry, occupation and level of job experience; and average hours worked per week.
Actual Previous Highest Lowest Dates Unit Frequency
3.40 4.00 10.30 -0.40 1992 - 2022 percent Monthly
SA

News Stream
Canada Weekly Earnings Rise for 19th Month
Average weekly earnings of non-farm payroll employees in Canada rose 3.4% year-on-year to $1,173.90 in December 2022, down from a downwardly revised 4% increase in the prior month. It was the 19th month of growth, with 17 of the 20 sectors reporting gains. The goods-producing sector recorded the largest increase (+3.7%), mainly utilities (+8.5% to $2,070) and mining, quarrying and oil and gas extraction (+6.6% to $2,333). Slightly slower year-over-year growth was observed in the services-producing sector (+3.0%), with stronger gains in real estate and rental and leasing (+8.2% to $1,293), information and cultural industries (+6.9% to $1,642) and wholesale trade (+6.7% to $1,407) partially compensated for weaker growth in educational services (+2.6% to $1,174). Newfoundland and Labrador (+6.7%, to $1,177) recorded the largest proportional gain in average weekly earnings in December, followed by New Brunswick (+4.6%, to $1,078) and Quebec (+4.5% to $1,130).
2023-02-23
Canada Weekly Earnings Rise for 1-1/2 Year
Average weekly earnings of non-farm payroll employees in Canada rose 4.2% year-on-year to CAD 1,180 in November 2022, continuing the upward trend since June 2021. It was the 18th month of growth, with all 20 sectors reporting gains. The goods-producing sector saw the largest increase (+5.3%). However, wins in manufacturing (+6.3% to $1,261) and mining, quarrying & oil & gas extraction (+5.7% to $2,362) were partially offset by a softer advance in construction (+3.6% to $1,468). Wages also went up in the services-producing sector (+3.6%), with gains in real estate and rental and leasing (+9.1% to $1,300) and retail trade (+6.1% to $701) being subdued by slower growth in administrative & support, waste management & remediation services (+0.7% to $967); arts, entertainment & recreation (+0.9% to $714); and health care & social assistance (+1.6% to $1,033). All provinces recorded increases in November, led by Newfoundland and Labrador (+6.5% to $1,178) and New Brunswick (+6.2% to $1,077).
2023-01-26
Canada Weekly Earnings Rise for 17th Month
Average weekly earnings of non-farm payroll employees in Canada rose by 3.4% year-on-year to CAD 1,171.60 in October of 2022, continuing their growth since June 2021. It was the 17th straight month of growth in average weekly earnings, with 17 of the 20 sectors reporting gains. The goods-producing sector saw the largest increase (+5.2%), with gains in manufacturing (+5.9% to CAD 1,251) and construction (+3.8% to CAD 1,454) partially offset by slower growth in utilities (+2.9% to CAD 2,033). Wages also grew in the services-producing sector (+3%). Gains in wholesale trade (+6.6% to CAD 1,419) and real estate & rental (+6.3% to CAD 1,264) were partially offset by a decline in information & cultural industries (-5.2% to CAD 1,567) and slower growth in public administration (+2.1% to CAD 1,515) and health care and social assistance (+2.4% to CAD 1,031). All provinces recorded increases in October, led by New Brunswick (+6.1% to CAD 1,068) and Newfoundland and Labrador (+5.8% to CAD 1,165).
2022-12-22