Paul Martin's Business Update - January 31st

Paul Martin's Business Update - January 31st

We wind up the first month of the year with a report that has Saskatchewan workers topping the national charts in terms of average pay increases. That is tallied to the end of November which had the average weekly pay packet in the province at $967. This report looks only at non-farm employment.

But the number puts us in second spot behind Alberta but, in real terms, workers in this province saw the biggest actual improvement in wages in the past year – roughly $43 a week - not only the biggest percentage hike which was 4.7 per cent. The national bump was just over half that rate at 2.5 per cent.

Actually from October to November, the increase was more than $21 – about half the annual improvement and compares to only a $4 increase in Alberta.

All of this translates into purchasing power. Saskatchewan workers – particularly those in the resource sector and industries that support resource development such as construction - have been seeing the benefit of the economic strength of the provincial economy with income growth exceeding inflation.

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