Average Weekly Earnings: Wages vs. Hours & Salaries
Today, Statistics Canada reported a seemingly impressive monthly rise of 0.9% in average weekly earnings, from $906.24 in April to $914.68 in May. Digging a bit deeper reveals that average weekly earnings for workers paid by the hour – the majority of Canadian employees – edged up by only 0.2%, from $695.21 in April to $696.57 in May.
And that increase reflected a slightly longer workweek. Average hourly earnings for hourly employees actually edged down from $22.85 to $22.77 between April and May.
In other words, all of todayâ€™s reported gains in average weekly earnings resulted from Canadians working longer hours and higher salaries for salaried employees, rather than better wages.