indicatorThe Owl

Coming up short

Wage growth outpaced by inflation in November

By Rob Roach, ATB Economics 27 January 2023 1 min read

New survey results from Statistics Canada show that seasonally-adjusted average weekly earnings (including overtime) across all sectors in Alberta were 3.8% higher in November 2022 than the same month in 2021.

Consumer prices, however, rose by 6.6% in Alberta over this period (unadjusted).

Nationally, wages increased by 4.2% on a year-over-year basis while inflation was running at 6.8%.

Average earnings were up in every province in November compared to 12 months earlier.  Newfoundland and Labrador posted the largest increase at +6.5% while Saskatchewan posted the smallest at +3.7%.

Alberta continues to have the highest average weekly earnings of any province.

When the numbers are broken down by industry, average earnings in Alberta were up the most on a year-over-year basis in the real estate and rental and leasing sector at +13.8% followed by the oil and gas sector at +11.8%.

The arts, entertainment and recreation sector was at the other end of the spectrum at -8.9% followed by the administrative and support, waste management and remediation services sector at -2.8%.

Answer to the previous trivia question: Known as Stornoway, the official residence of Canada’s Leader of the Opposition is (not including the outbuilding) 9,500 square feet or 883 square metres.  

Today’s trivia question: Who was the highest paid actor of 2022?

Average earnings in Alberta were up the most on a year-over-year basis in the real estate and rental and leasing sector

Average earnings in Alberta were up the most on a year-over-year basis in the real estate and rental and leasing sector


Economics News

Subscribe and get a quick daily snapshot of what’s happening in Alberta’s economy

Need help?

Our Client Care team will be happy to assist.

Chat now
ATB Virtual Assistant
The ATB Virtual Assistant doesn't support landscape mode. Please tilt your device vertically to portrait mode.