Average weekly earnings of non-farm payroll employees in Canada grew 6.4% year-on-year to CAD 1,112 in December of 2020, following a downwardly revised 6.5% rise in November, as job losses due to the coronavirus crisis have been concentrated among hourly paid and largely lower-paid employees. Payroll employment rose in the services-producing sector (+0.2% to 31,900), nearly offsetting the loss in the previous month. Gains were spread across a number of sectors but largest in health care and social assistance (+22,400) and transportation and warehousing (+10,500). Employment in the goods-producing sector was little changed for a second consecutive month. Prior to this, employment in the goods-producing sector had been trending up since May. In December, payroll employment in the services-producing sector and the goods-producing sector was 6.5% and 4.6% below pre-COVID-19 levels, respectively. source: Statistics Canada
Wage Growth in Canada averaged 2.40 percent from 1992 until 2020, 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 2021.
Wage Growth in Canada is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Canada to stand at 3.50 in 12 months time. In the long-term, the Canada Average Weekly Earnings YoY is projected to trend around 3.50 percent in 2022 and 3.20 percent in 2023, according to our econometric models.