Sask.’s wage increases lead all other provinces
Saskatchewan led the country in wage increases in March, with average weekly earnings rising 5.5 per cent compared to the previous year, according to Statistics Canada. Saskatchewan’s increase was the highest among the provinces and well above the 3.1 per cent national average.
Non-farm payroll jobs increased 2.7 per cent in the province, the second highest increase among provinces, and above the national average of 1.2 per cent.
“This is a major contributor to the economic momentum we’ve had in Saskatchewan,” Economy Minister Bill Boyd said. “It’s great news all around that leads to higher spending and higher consumer confidence.”
In March 2013, average weekly earnings were $967.20 (seasonally adjusted) the second highest weekly rate in Canada.
On a real wage basis, Saskatchewan’s wages were up 4.2 per cent year-over-year, adjusted for the 1.3 per cent increase in inflation. This is the highest increase among provinces and well ahead of the 2.1 per cent that was posted nationally.
“There is an abundance of employment opportunities throughout the province and wage rates that are surpassing inflation,” Boyd said. “These wage increases are providing a chance for people to pursue better jobs and higher salaries, both of which benefit Saskatchewan working men and women.”
via SW Sask News – Prairie Post – Prairie Post http://www.prairiepost.com/news/sw-sask/item/4296-sask-s-wage-increases-lead-all-other-provinces.html