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Canada March Weekly Payroll Earnings Rise 2.1% From Year Ago

May 31 (Bloomberg) -- Canadian average weekly earnings of non-farm payroll employees rose 2.1 percent in March from a year earlier, while payrolls grew and average hours worked slipped for the fifth month in a row, government figures showed.

Earnings rose 0.8 percent on a monthly basis to C$888.34, ($864.56) Statistics Canada said today in Ottawa. The average hours worked in March fell to 32.9 from 33 a year earlier, the fifth such decline in a row.

The 12-month wage increase exceeded the Bank of Canada’s 2 percent inflation target. Statistics Canada’s consumer price index advanced 1.9 percent in March.

The number of payroll employees rose by 48,900 in March to 15.08 million, or by 0.3 percent, Statistics Canada said. Payrolls were 1.5 percent greater than a year earlier.

The agency’s main employment report, the labor force survey of households, reported a job gain of 82,300 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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