Average weekly earnings of non-farm payroll employees in Canada rose 4% year-on-year to CAD 1,170.1 in April of 2022. It was the eleventh consecutive month of growth in average weekly earnings. Retail trade (+11.7% to CAD 715), professional, scientific and technical services (+9.7% to CAD 1,680), manufacturing (+8.2% to CAD 1,264) and wholesale trade (+7.4% to CAD 1,417), which together accounted for close to one-third of all payroll employees, led the gains. Meanwhile, arts, entertainment and recreation (-4.5% to CAD 711) was the only industry to report a decrease in average weekly earnings, likely due, in part, to the larger year-over-year payroll employment increase among lower-paying hourly employees (+66,800; +50.8%) compared with salaried employees (+9,700; +15.1%) in this sector. source: Statistics Canada
Wage Growth in Canada averaged 2.43 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 June of 2022.
Wage Growth in Canada is expected to be 3.10 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 3.50 percent in 2023 and 3.20 percent in 2024, according to our econometric models.