New data from the job search giant finds rate below the pace of year-over-year wage growth recorded around the middle of last year
The central bank raised its trend-setting interest rate by a quarter of a percentage point to 4.75 per cent earlier this month, voicing concern about a surprisingly resilient economy and strong labour market.
“The wages of new and existing employees can’t be just taken separately,” he said. Employers “are often wary of having a two-tier system of some people jumping ahead on the wage front,” Mr. Bernard added. sector, which has been roiled by cost-cutting and layoffs after swelling during the pandemic, has contributed to weaker wage growth for Canada’s higher earners.practitioners such as nurses, whose compensation is often heavily regulated and bound by collective bargaining agreements, has also been dragging down wage growth for higher-paying jobs, Mr. Bernard said. Overall, wages advertised for higher-paid jobs on Indeed were up just 2.8 per cent in May compared to the same month a year earlier.
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