Sabtu, 29 Oktober 2011

Average weekly earnings rise in August

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Average weekly earnings increased slightly in August, up 0.8 per cent to $877.28 from July's level, Statistics Canada data showed Thursday.

The increase comes after two consecutive months of small declines. Compared with the same month a year earlier, average weekly earnings were up by 1.9 per cent. That's the smallest pace of increase since November 2009.

Non-farm payroll employment increased by 4,800 in August compared with July. Year over year, employment was up 1.6 per cent, or 238,400 jobs.

A decrease in hours worked was a factor in the slower rate of wage growth, the data agency said. The average work week declined 0.3 per cent from 33.0 hours in August 2010 to 32.9 hours in August 2011. The number of hours worked fell in both the goods-producing sector and the service sector.

But on a monthly basis, the average number of hours worked increased by 0.3 per cent from July to August.

Average earnings increased in every province, but Newfoundland and Labrador, New Brunswick and Alberta led the way.

The lowest growth rate occurred in Ontario, where the average weekly earnings of $894.17 in August has changed little since February 2011.



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