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Canada's average weekly earnings rise to $1,240

In April, Canada's sectoral average weekly earnings increased by 3.7% year over year, reaching $1,240, following a 4.1% rise in March. The average weekly earnings were at $1,204 in June 2023. According to the Statistics Canada report released on June 27, this increase in average weekly earnings can be attributed to factors such as changes in wages, the composition of employment, the number of hours worked, and the impact of the base year. April marked the third consecutive month where the number of employees receiving pay and benefits from their employers decreased by 22,700 (-0.1%), while job vacancies dropped by 32,000 (-5.3%) to 575,400. Monthly payroll employment declined in 8 out of 20 sectors, with notable decreases in manufacturing (-6,000; -0.4%), administrative and support, waste management and remediation services (-5,200; -0.6%), and accommodation and food services (-4,800; -0.4%).

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