Labour Costs in Canada decreased to 115.01 points in the fourth quarter of 2020 from 115.02 points in the third quarter of 2020. source: Statistics Canada

Labour Costs in Canada averaged 80.09 points from 1981 until 2020, 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 May of 2021.

Labour Costs in Canada is expected to be 116.25 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 119.03 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
115.01 115.02 116.31 44.07 1981 - 2020 points Quarterly
SA, 2012=100

Canada Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.10 7.50 13.70 2.90 percent [+]
Employed Persons 18627.20 18834.30 19130.30 9636.70 Thousand [+]
Unemployed Persons 1640.30 1516.70 2609.80 691.50 Thousand [+]
Part Time Employment -77.80 127.80 443.80 -527.20 Thousand [+]
Full Time Employment -129.40 175.40 497.90 -1479.60 Thousand [+]
Employment Change -207.10 303.10 952.90 -1993.80 Thousand [+]
Labor Force Participation Rate 64.90 65.20 67.70 60.00 percent [+]
Youth Unemployment Rate 16.10 14.00 29.10 10.20 percent [+]
Productivity 112.08 114.35 127.97 67.26 points [+]
Labour Costs 115.01 115.02 116.31 44.07 points [+]
Wages 28.02 27.67 28.02 13.73 CAD/Hour [+]
Wages in Manufacturing 28.17 28.39 28.39 14.96 CAD/Hour [+]
Minimum Wages 14.25 14.00 14.25 1.00 CAD/Hour [+]
Population 37.78 37.31 37.78 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 [+]
Non Farm Payrolls 15980.00 15921.70 17080.90 10863.80 Thousand [+]
Wage Growth 9.00 8.10 10.30 -0.40 percent [+]
Adp Employment Change 634.80 271.70 634.80 -2951.40 Thousand [+]
Average Hourly Earnings 30.75 30.52 31.25 15.88 CAD [+]
Employment Rate 59.60 60.30 63.50 52.10 percent [+]
Job Vacancies 560215.00 512760.00 581595.00 330215.00 [+]