Canada Payroll Earnings Rise 3.2% in November From Year EarlierGreg Quinn
Canadian average weekly earnings of non-farm payroll employees rose 3.2 percent in November from a year earlier, led by a 6.6 percent gain for construction workers.
On a monthly basis, earnings rose 0.5 percent to C$910.77 ($909.13), Statistics Canada said today in Ottawa. The average workweek rose to 33.2 hours in November from 33.1 hours in October and 32.9 hours a year earlier.
The 12-month wage increase exceeded the Bank of Canada’s 2 percent inflation target for the seventh consecutive month. Consumer prices advanced at year-over-year rates of 0.8 percent in November and December.
Payroll employment rose by 3,100 in November to 15.28 million, little changed on a percentage basis and up 1.5 percent from a year earlier.
Statistics Canada’s main employment report, the labor force survey of households, reported job gains of 59,300 in November and 39,800 in December.