Canadian February Weekly Earnings Rise 3.1% From Year Earlier

Canadian average weekly earnings of non-farm payroll employees rose 3.1 percent in February from a year earlier, led by construction.

On a monthly basis, earnings rose 0.9 percent to C$908.87 ($888.44), Statistics Canada said today in Ottawa. Construction wages rose 4.6 percent to C$1,166.17, the fastest among the 10 largest categories.

The national 12-month wage increase exceeded the Bank of Canada’s 2 percent inflation target. Consumer prices advanced at a year-over-year rate of 1.2 percent in February.

Statistics Canada revised January’s earnings increase to 1.9 percent from an initial estimate of 2.7 percent.

The average length of the workweek increased in February on an annual basis, Statistics Canada said, to 32.9 hours from 32.8 hours.

Payroll employment rose 14,500 in February to 15.33 million, a gain of 0.1 percent on the month and a 1.6 percent from a year earlier.

Statistics Canada’s main employment report, the labor force survey of households, reported a job gain of 50,700 February and a decline of 54,500 in March.

To contact the reporter on this story: Greg Quinn in Ottawa at gquinn1@bloomberg.net

To contact the editors responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net; David Scanlan at dscanlan@bloomberg.net.

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