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Feb Average Weekly Earnings +4.5% While Payroll Employment -0.1%

CANADA DATA
  • Canada Feb Payroll Employment -0.1% MOM or -18K.
  • Payrolls decrease led by accommodation and food services.
  • Average weekly earnings +0.5% MOM, +4.5% YOY (prior +3.7%).
  • The BoC has said that while wage growth has begun to moderate, the elevated gains are at odds with weak productivity.
  • Average weekly hours little changed MOM and +1.2% YOY.
  • Job vacancies +3.4% MOM.
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  • Canada Feb Payroll Employment -0.1% MOM or -18K.
  • Payrolls decrease led by accommodation and food services.
  • Average weekly earnings +0.5% MOM, +4.5% YOY (prior +3.7%).
  • The BoC has said that while wage growth has begun to moderate, the elevated gains are at odds with weak productivity.
  • Average weekly hours little changed MOM and +1.2% YOY.
  • Job vacancies +3.4% MOM.