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Wages in Alberta lose ground in February

Wages in Alberta lose ground in February

Posted on: 4/26/2019 | Author: ATB Financial's Economics + Research Team

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Average weekly wages in Alberta, including overtime and adjusting for seasonality, contracted by 0.5 per cent between January and February, according to Statistics Canada’s monthly Survey of Payroll Employment, Earnings and Hours. This represents a drop of 1.2 per cent on a year-over-year basis and is in keeping with the general sluggishness in the overall economy.

Year-over-year, the average wage of payroll employees increased in every other province except two: Prince Edward Island and Newfoundland and Labrador. Growth averaged 1.1 per cent for the country as a whole.

In Alberta, year-over-year wages were down the most in the utilities sector (-17.7 per cent), followed by oil and gas extraction (-13.8 per cent), holding companies (-9.1 per cent), information and cultural industries (-6.1 per cent), wholesale trade (-5.0 per cent) and construction (-4.4 per cent).

Areas of improvement included accommodation and food services (+9.2 per cent), mining (+8.8 per cent), manufacturing (+6.5 per cent) and transportation and warehousing (+3.5 per cent).

While not all sectors are experiencing wage erosion, the general indication is one of relatively slow economic growth and a labour market shifting away from higher paying positions.

Wages, graph​​

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