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Common weekly wages elevated by 0.5% in February, the identical share as in January, to $1,232. 12 months-over-year that represents a 4.5% achieve in comparison with the annual tempo of three.7% in January. Common weekly hours labored had been little modified on a month-to-month foundation however had been up 1.2% on a year-over-year foundation to 33.5 hours in February.
Job Vacancies
Job vacancies throughout all trade sectors had been greater in February than in January, a rise of 21,800 (3.4%) to 656,700. This was 178,400 (21.4%) fewer than in February 2023.
This was led by transportation and warehousing (+16,300; +66.4%), adopted by finance and insurance coverage (+4,100, +17.3%) whereas most different industries had been little modified. Solely data and cultural industries noticed fewer job vacancies, down 3,900 or 44.4%. On a yearly foundation, 17 of the 20 sectors recorded decrease vacancies.
Finance and insurance coverage vacancies had been down 6,600 from a yr earlier and the job emptiness fee within the sector was 3.2% in February, up 0.5 share factors from January.
The job vacancies had been led by 18,200 in Ontario and 9,900 in Alberta with the opposite provinces displaying little change from January.
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