Wages continue to lag behind inflation for canadian workers

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Wage growth is up in 2016, but still lags behind the cost of inflation. Good producing sector only produced about 5,000 new jobs in 2017. Government sector related jobs in healthcare, education and public administration created the line share of all new jobs. Job churning including part-time jobs are new norm. In 2016 there were 154,000 new part-time jobs. Most those part-time jobs are usually created in areas like retail, financial services and hospitality

Economy & Finance

WAGES CONTINUE TO LAG BEHIND
INFLATION FOR CANADIAN WORKERS
Paul Young, CPA, CGA
Wages and Employment

AGENDA
 Wages /Hourly
 Employment / Wages

WAGES / CANADA
 Source – Stats Canada
The Consumer
Price Index (CPI)
rose 1.5% on a
year-over-year basis
in December,
following a 1.2%
gain in November.
Source – Stats
Canada

WAGES / EMPLOYMENT
 Stats Canada
Commentary
• Goods producing
pays on average
$1,436/week
• Government jobs
grew by 25 with
average salary
of $1,232/week
• There were over
new 154,000 P/T
jobs in 2016.
• Service Sector
wages grew by
2.8% as
compare to
goods producing
that grew only
1.7%.

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