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Wages in Alberta hit a wall

Wages in Alberta hit a wall

Posted on: 8/30/2018 | Author: ATB Financial's Economics + Research Team

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New data suggests wages in the province have stalled. According to Statistics Canada, average weekly earnings for Alberta employees came in at $1,145 in June, virtually unchanged from May. This figure is adjusted for seasonality and includes overtime pay, but excludes taxes.

Wages in the province are only 0.7 per cent higher compared to last year. June’s average weekly earnings total was 1.5 per cent lower when compared to the 12 month trend.

Even though earnings growth has slowed, the survey of employers shows the take home pay of Albertans was still greater than the Canadian average. June’s figure was 14 per cent higher than the national average of $1,000.

While many segments of Alberta’s economy are back to their pre-recession highs, Alberta’s labour market continues to face setbacks. Alberta experienced a net loss of around 4,000 jobs in June and wages stalled. Getting back to where we were prior to the recession of 2015-16 is going to take some time, a reality that leaves many Albertans feeling frustrated, whether they have a job or not.

Average weekly earnings, graph

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