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Alberta wages continue to grow

Alberta wages continue to grow

Posted on: 10/25/2018 | Author: ATB Financial's Economics + Research Team

​​Working Albertans saw an improvement in take home pay this summer. According to the most recent payroll data from Statistics Canada, average weekly earnings in the province rose to $1,168, an increase of 3 per cent compared to August of last year. The last time wages were this high was at the beginning of 2015.

Nationally, average weekly earnings stood at $1,006, marking an increase of 2.9 per cent, year-over-year. The wage figures are adjusted to account for seasonal factors that can move the numbers higher or lower, depending on the time of year. They also include overtime pay. It may be interesting to note, the latest minimum wage requirements have yet to show up in the data.

Earnings in Alberta are the highest in the country by a decent margin. They outpace second-place Newfoundland and Labrador by more than 13 per cent and third-place Ontario by 14 per cent. Notable earnings growth was observed in several sectors, including educational services, professional, scientific and technical services, and retail trade. This all points to continued positive growth in Alberta’s labour market.

Statistics Canada’s survey on employment, payrolls and hours compiles information from payroll deductions provided by the Canada Revenue Agency, and a survey of businesses. It complements the monthly labour force survey by providing a view from employers rather than employees.

Average weekly earnings, graph

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