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The One Way Alberta Still Beats The Rest Of Canada: Paycheques
Topic Started: Mar 1 2016, 12:28 PM (21 Views)
Darcie
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Skeptic
Quote:
 
Alberta’s economy is tanking in the wake of the oil price crash, but recent data from Statistics Canada show the province is still on top by one measure: what people earn.

The average weekly wage in the province was $1,146.56 in December, nearly 20 per cent higher than the national average of $959, StatsCan reported.

But before you pack your bags for Calgary, you should know there is another way that Alberta stands out on wage data: Though wages rose in the province in December, Alberta is the only province where wages are down from a year ago.

Wages are down one per cent in 12 months — not surprising, given that the province has lost 3.2 per cent of all its jobs over the past year, or about 66,000 positions. You can stop packing those bags now.

So who's winning on wage growth? That would be Ontario, which has been benefiting (somewhat unevenly) from the lower loonie and lower gas prices that are making those long GTA commutes cheaper. Wages are up 2.3 per cent in a year, while the number of jobs in the province has jumped a solid 2.8 per cent, or 166,000 new jobs.


http://www.huffingtonpost.ca/2016/02/29/alberta-wages-earnings-canada_n_9331416.html?ncid=fcbklnkcahpmg00000001

Overall the country is doing well economically it seems.
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