Archive

August 04, 2023
CA.png

Canada hourly wage growth 5.02% y-o-y in Jul-23


- Canada's hourly wage growth in July 2023 reached an impressive 5.02% year-on-year, the highest increase since May 2023.
- The growth rate exceeded the long-run average by 2.05 percentage points, indicating a positive trend in wage growth.
August 04, 2023
CA.png

Canada unemployment rate 5.5% (consensus 5.5) in Jul-23

- The unemployment rate in Canada for July 2023 stood at 5.5%, the highest since January 2022, indicating ongoing challenges in the labor market recovery.
- Employment change in July 2023 showed a decline of 6.4k after June's 59.9k rise, undershooting market expectations of 21.1k.

By country