Average Weekly Earnings measures the average gross weekly pay, including overtime, for all employees in Canada. This indicator provides insights into wage trends and labor costs, which are primary drivers of consumer inflation. It is a lagging indicator but essential for understanding the purchasing power of households. Central banks monitor this data closely to assess the need for interest rate adjustments.
Data is derived from the Survey of Employment, Payrolls and Hours (SEPH). It is calculated by dividing the total weekly payroll by the total number of employees in the reporting period.
No historical data available
