There must be significant underlying strength in Saskatchewan’s economy because wage rates are continuing to rise — and at a rate that is outpacing inflation.
We have another update on average weekly pay packages in Saskatchewan. Once again they were rising and only Quebec saw rates growing faster. We went up 2.5 per cent with the largest gains seen in transportation, warehousing and education.
This is a compilation of average weekly pay wages in the non-farm sector across the country. StatsCan says it correlates favourably with other employment-related data to show the economy is still creating job opportunities and employers are willing to pay more to attract talent.
That points to an economy with underlying strength. While we tend to hear about the big picture stories such as oil prices, which are now showing some strength, or potash production, which is flat at best, other segments of the economy appear to be doing quite well.
Labour demand is slowly increasing and pay is moving up in tandem.