Weekly earning growth best in Canada
July 26, 2012
Saskatchewan's economy continues to lead the country with a new Statistics Canada report released today showing average weekly earnings in the province jumping 5.4 per cent in May when compared with May 2011. The increase tied with Newfoundland and Labrador for the highest increase among the provinces and well ahead of the 2.5 per cent increase on a national basis.
"As wages rise, the benefit not only extends to Saskatchewan workers, but to our overall economic growth," Economy Minister Bill Boyd said. "The record retail sales numbers released earlier this week demonstrates the power that more disposable income will have with an end result - a growing and prosperous economy."
Average weekly earnings for May 2012 totalled $897.80, fourth highest in the nation. Saskatchewan has had average weekly earnings above the national average every month since August 2011.
"More jobs, stronger wages, and economic growth that is at or near the top of any other province is definitely the envy of other jurisdictions," Boyd said.