Economics
Slumping Wage Growth Mars Unexpected Surge in Canadian Jobs
- Country adds 48,300 positions in January, led by services
- Pay gains at slowest since 2003, pointing to underlying slack
A worker sorts cedar logs to manufacture shakes and singles in Maple Ridge, British Columbia, Canada.
Photographer: Abigail Saxton/BloombergThis article is for subscribers only.
Canada’s workers are getting plenty of jobs, just not wage increases.
Data released Friday show a labor market that’s finally beginning to create new jobs, while at the same time offering little evidence that’s translating into higher incomes for workers as wage growth and hours worked slump.