Canada Finally Adds Wage Gains to Stellar Jobs Performance
- Annual wage rate increases accelerated to 1.3 percent in May
- Gain in manufacturing jobs at 25,300 is the most since 2002
A worker welds a propeller core at a facility in North Vancouver, British Columbia, Canada.
Photographer: Abigail Saxton/BloombergThis article is for subscribers only.
Canada’s labor market continued surprising in May, with a greater-than-expected 54,500 jobs gain that also finally came with signs of a pick-up in wages.
The employment gain -- the third biggest one-month increase in the past five years -- was driven by the addition of 77,000 new full-time jobs, which offset falling part-time employment. Economists had forecast a 15,000 increase in employment.