Labour Costs in Canada decreased to 114.02 points in the first quarter of 2021 from 115.01 points in the fourth quarter of 2020. source: Statistics Canada

Labour Costs in Canada averaged 80.30 points from 1981 until 2021, reaching an all time high of 116.31 points in the second quarter of 2020 and a record low of 44.07 points in the first quarter of 1981. This page provides - Canada Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Labour Costs - values, historical data and charts - was last updated on July of 2021.

Labour Costs in Canada is expected to be 120.38 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Canada to stand at 118.46 in 12 months time. In the long-term, the Canada Labour Costs is projected to trend around 123.20 points in 2022 and 127.14 points in 2023, according to our econometric models.

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Canada Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
114.02 115.01 116.31 44.07 1981 - 2021 points Quarterly
SA, 2012=100

Canada Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.80 8.20 13.70 2.90 percent [+]
Employed Persons 18789.90 18559.20 19130.30 9636.70 Thousand [+]
Unemployed Persons 1591.60 1652.30 2609.80 691.50 Thousand [+]
Part Time Employment 263.90 -54.20 443.80 -527.20 Thousand [+]
Full Time Employment -33.20 -13.80 497.90 -1479.60 Thousand [+]
Employment Change 230.70 -68.00 952.90 -1993.80 Thousand [+]
Labor Force Participation Rate 65.20 64.60 67.70 60.00 percent [+]
Youth Unemployment Rate 13.60 15.90 29.10 10.20 percent [+]
Productivity 110.03 111.95 126.77 67.26 points [+]
Labour Costs 114.02 115.01 116.31 44.07 points [+]
Wages 27.53 27.60 28.02 13.73 CAD/Hour [+]
Wages in Manufacturing 26.99 27.73 28.39 14.96 CAD/Hour [+]
Minimum Wages 14.35 14.25 14.35 1.00 CAD/Hour [+]
Population 38.01 37.78 38.01 17.91 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wage Growth 1.10 7.40 10.30 -0.40 percent [+]
Non Farm Payrolls 16321.10 16154.20 17085.60 10863.80 Thousand [+]
Job Vacancies 553480.00 560215.00 581595.00 330215.00 [+]
Adp Employment Change -294.20 -318.70 351.30 -2951.40 Thousand [+]
Average Hourly Earnings 30.66 30.77 31.25 15.88 CAD [+]
Employment Rate 60.10 59.40 63.50 52.10 percent [+]