Canada's average hourly wages rose by 5.4% in 2023

Highlights: Canadian average hourly wages increased by 5.4% in 2023!  

• As per the Labour Force Survey (LFS), the average hourly wages in Canada rose with a 5.4% increase.
• The professional, scientific, and technical services were most in demand in 2023.  
• Four Canadian provinces showed an increase in employment rates.
• British Columbia had the highest employment rate in December 2023.

 

 

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Details of the Employment Rates in Canada 2023

Canada had an increase in the employment rate in December 2023. The employment rate rose from +$1.78 to $34.45, a 5.4% increase.

 

Age-wise breakdown of employment

The population aged 15 and above increased by 74,000, 0.2%. There is an increase in the employment rate for core-aged men and young women.

The table given below has a detailed breakdown of age-wise employment rate.

Gender	Age Group	Percentage of increase
Core-aged men	25-54	0.40%
Young women	15-24	1.00%

 

 

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Occupation-wise breakdown of employment

Most skilled workers were in the scientific, professional, and technical sectors.

 

The table given below has a detailed breakdown of occupation-wise employment rate.

 

Occupation	Increase in percentage
Health care and social assistance	0.60%
Personal and repair services	1.50%
Professional services	2.40%
Scientific and technical services	2.40%

 

 

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Province-wise breakdown of employment

Four Canadian provinces witnessed an increase in the employment rate in December 2023.

 

Province	Increase in percentage
British Columbia	0.60%
Nova Scotia	1.30%
Saskatchewan	0.80%
Newfoundland and Labrador	1.00%

 

 

Job Vacancies in Canada

The Canadian labor market brought in an additional 1000 job vacancies in December 2023, with a 23.6% increase in the part-time employment rate.

 

The table given below has the list of top occupations with job vacancies along with the average salaries:

 

Occupation	Average Salary in CAD
Sales Representative	$52,000 to $64,000
Accountant	$63,000 to $75,000
Engineering Project Manager	$74,000 to $92,000
Business Analyst	$73,000 to $87,000
IT Project Manager	$92,000 to $114,000
Account Manager	$75,000 to $92,000
Software Engineer	$83,000 to $99,000

 

 

 

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