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Wages move into 2018 with momentum

Wages move into 2018 with momentum

Posted on: 2/23/2018 | Author: ATB Financial's Economics + Research Team

​​Earnings among working Albertans have been trending up since last spring, a sign the economic recession is behind us. In December, the average weekly earnings among employees in Alberta were up 1.2 per cent compared to the previous year and reached $1,149.

At the end of 2017, workers in the utilities saw the biggest bump in earnings at 18 per cent ($2,281 per week). Employees in real estate, rental and leasing also saw significant pay gains (+9.6 per cent). Other notable pay increases in the final month of the year were recorded in healthcare and social assistance (+6.3 per cent) and wholesale trade (+6.3 per cent).

Despite the rebound in the province’s energy sector last year, paychecks for those employed in oil and gas extraction saw weekly wages fall over the year (-4.2 per cent). Despite this decline, workers in this category are still the best paid among all workers making $2,290 in December.

The average weekly earnings among the majority of working Albertans have been rising above last year’s levels for several months and is yet another sign of Alberta’s economic recovery. The rise in wages over the last number of months is good news for important sectors in our province like retail and housing.​

Alberta weekly wages, graph​ ​

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