Sometimes the headlines and the rest of the story don’t match up.
The headlines on the economy these days centre on commodity prices and challenges flow from excess supply and soft demand. Those kinds of themes should trigger some softness in pay packages but we’re seeing no evidence of that.
The latest figures on the average weekly wage in Saskatchewan show employers are continuing to pay more for talent. It was up about 2.5 per cent for the year ended in September. That is ahead of inflation and seems to defy conventional wisdom.
And this story has been quite consistent. It’s been like this for the three years since oil prices took their nose dive.
What we saw in September was an increase of a few dollars a week compared to August and roughly $25 a week or $100 a month in the previous 12 months. That outpaces the national average as Saskatchewan continues to sit in third spot among the provinces at $1014. Only Alberta and Newfoundland posted higher average weekly wage levels.