{ "terms": { "url": "https://www.bankofcanada.ca/terms/" }, "groupDetail": { "label": "Wage growth shows further signs of moderating", "description": "Year-over-year percentage change, monthly and quarterly data\n\nNote: LFS is the Labour Force Survey; SEPH is the Survey of Employment, Payrolls and Hours. LFS, microdata measures wage growth using microdata from the LFS to abstract from changes in worker characteristics, extracting a quality-adjusted price for labour. For more details, see F. Bounajm, T. Devakos and G. Galassi, “Beyond the averages: Measuring underlying wage growth using Labour Force Survey microdata,” Bank of Canada Staff Analytical Note No. 2024-23 (October 2024). All wage series are measured as compensation per hour except for SEPH, which is measured in terms of average weekly earnings. Private sector in SEPH excludes wages from public administration, education and health care and social assistance.\n\nSources: Statistics Canada and Bank of Canada calculations", "link": "https://www.bankofcanada.ca/?p=245137" }, "seriesDetail": { "MPR_2025M04_WAGES_S1": { "label": "LFS, average wage, private sector", "description": "", "dimension": { "key": "d", "name": "Date" } }, "MPR_2025M04_WAGES_S2": { "label": "LFS, microdata, private sector", "description": "", "dimension": { "key": "d", "name": "Date" } }, "MPR_2025M04_WAGES_S3": { "label": "SEPH, average weekly earnings, private sector", "description": "", "dimension": { "key": "d", "name": "Date" } }, "MPR_2025M04_WAGES_S4": { "label": "Compensation per hour worked, business sector", "description": "", "dimension": { "key": "d", "name": "Date" } } }, "observations": [ { "d": "2022-01-01", "MPR_2025M04_WAGES_S1": { "v": "3.41" }, "MPR_2025M04_WAGES_S2": { "v": "3.71" }, "MPR_2025M04_WAGES_S3": { "v": "2.01" }, "MPR_2025M04_WAGES_S4": { "v": "5.29" } }, { "d": "2022-02-01", "MPR_2025M04_WAGES_S1": { "v": "3.07" }, "MPR_2025M04_WAGES_S2": { "v": "3.43" }, "MPR_2025M04_WAGES_S3": { "v": "2.36" } }, { "d": "2022-03-01", "MPR_2025M04_WAGES_S1": { "v": "4.11" }, "MPR_2025M04_WAGES_S2": { "v": "3.71" }, "MPR_2025M04_WAGES_S3": { "v": "5.31" } }, { "d": "2022-04-01", "MPR_2025M04_WAGES_S1": { "v": "3.93" }, "MPR_2025M04_WAGES_S2": { "v": "4.29" }, "MPR_2025M04_WAGES_S3": { "v": "3.88" }, "MPR_2025M04_WAGES_S4": { "v": "4.58" } }, { "d": "2022-05-01", "MPR_2025M04_WAGES_S1": { "v": "4.51" }, "MPR_2025M04_WAGES_S2": { "v": "4.55" }, "MPR_2025M04_WAGES_S3": { "v": "2.37" } }, { "d": "2022-06-01", "MPR_2025M04_WAGES_S1": { "v": "6.09" }, "MPR_2025M04_WAGES_S2": { "v": "4.77" }, "MPR_2025M04_WAGES_S3": { "v": "4.31" } }, { "d": "2022-07-01", "MPR_2025M04_WAGES_S1": { "v": "5.14" }, "MPR_2025M04_WAGES_S2": { "v": "4.64" }, "MPR_2025M04_WAGES_S3": { "v": "3.99" }, "MPR_2025M04_WAGES_S4": { "v": "3.79" } }, { "d": "2022-08-01", "MPR_2025M04_WAGES_S1": { "v": "5.78" }, "MPR_2025M04_WAGES_S2": { "v": "5.05" }, "MPR_2025M04_WAGES_S3": { "v": "4.35" } }, { "d": "2022-09-01", "MPR_2025M04_WAGES_S1": { "v": "5.90" }, "MPR_2025M04_WAGES_S2": { "v": "4.76" }, "MPR_2025M04_WAGES_S3": { "v": "3.94" } }, { "d": "2022-10-01", "MPR_2025M04_WAGES_S1": { "v": "6.52" }, "MPR_2025M04_WAGES_S2": { "v": "5.15" }, "MPR_2025M04_WAGES_S3": { "v": "4.03" }, "MPR_2025M04_WAGES_S4": { "v": "5.15" } }, { "d": "2022-11-01", "MPR_2025M04_WAGES_S1": { "v": "6.18" }, "MPR_2025M04_WAGES_S2": { "v": "5.40" }, "MPR_2025M04_WAGES_S3": { "v": "4.63" } }, { "d": "2022-12-01", "MPR_2025M04_WAGES_S1": { "v": "5.01" }, "MPR_2025M04_WAGES_S2": { "v": "4.90" }, "MPR_2025M04_WAGES_S3": { "v": "2.94" } }, { "d": "2023-01-01", "MPR_2025M04_WAGES_S1": { "v": "4.79" }, "MPR_2025M04_WAGES_S2": { "v": "4.95" }, "MPR_2025M04_WAGES_S3": { "v": "3.35" }, "MPR_2025M04_WAGES_S4": { "v": "3.78" } }, { "d": "2023-02-01", "MPR_2025M04_WAGES_S1": { "v": "6.26" }, "MPR_2025M04_WAGES_S2": { "v": "5.39" }, "MPR_2025M04_WAGES_S3": { "v": "2.27" } }, { "d": "2023-03-01", "MPR_2025M04_WAGES_S1": { "v": "6.11" }, "MPR_2025M04_WAGES_S2": { "v": "5.49" }, "MPR_2025M04_WAGES_S3": { "v": "2.50" } }, { "d": "2023-04-01", "MPR_2025M04_WAGES_S1": { "v": "6.12" }, "MPR_2025M04_WAGES_S2": { "v": "5.13" }, "MPR_2025M04_WAGES_S3": { "v": "3.86" }, "MPR_2025M04_WAGES_S4": { "v": "4.79" } }, { "d": "2023-05-01", "MPR_2025M04_WAGES_S1": { "v": "6.10" }, "MPR_2025M04_WAGES_S2": { "v": "5.06" }, "MPR_2025M04_WAGES_S3": { "v": "4.04" } }, { "d": "2023-06-01", "MPR_2025M04_WAGES_S1": { "v": "4.90" }, "MPR_2025M04_WAGES_S2": { "v": "4.38" }, "MPR_2025M04_WAGES_S3": { "v": "3.92" } }, { "d": "2023-07-01", "MPR_2025M04_WAGES_S1": { "v": "5.70" }, "MPR_2025M04_WAGES_S2": { "v": "4.73" }, "MPR_2025M04_WAGES_S3": { "v": "4.30" }, "MPR_2025M04_WAGES_S4": { "v": "5.79" } }, { "d": "2023-08-01", "MPR_2025M04_WAGES_S1": { "v": "5.37" }, "MPR_2025M04_WAGES_S2": { "v": "4.30" }, "MPR_2025M04_WAGES_S3": { "v": "3.63" } }, { "d": "2023-09-01", "MPR_2025M04_WAGES_S1": { "v": "5.42" }, "MPR_2025M04_WAGES_S2": { "v": "4.55" }, "MPR_2025M04_WAGES_S3": { "v": "3.49" } }, { "d": "2023-10-01", "MPR_2025M04_WAGES_S1": { "v": "4.89" }, "MPR_2025M04_WAGES_S2": { "v": "4.13" }, "MPR_2025M04_WAGES_S3": { "v": "3.58" }, "MPR_2025M04_WAGES_S4": { "v": "5.13" } }, { "d": "2023-11-01", "MPR_2025M04_WAGES_S1": { "v": "5.22" }, "MPR_2025M04_WAGES_S2": { "v": "4.04" }, "MPR_2025M04_WAGES_S3": { "v": "3.80" } }, { "d": "2023-12-01", "MPR_2025M04_WAGES_S1": { "v": "5.96" }, "MPR_2025M04_WAGES_S2": { "v": "4.20" }, "MPR_2025M04_WAGES_S3": { "v": "4.05" } }, { "d": "2024-01-01", "MPR_2025M04_WAGES_S1": { "v": "5.63" }, "MPR_2025M04_WAGES_S2": { "v": "4.11" }, "MPR_2025M04_WAGES_S3": { "v": "3.17" }, "MPR_2025M04_WAGES_S4": { "v": "5.56" } }, { "d": "2024-02-01", "MPR_2025M04_WAGES_S1": { "v": "5.10" }, "MPR_2025M04_WAGES_S2": { "v": "3.82" }, "MPR_2025M04_WAGES_S3": { "v": "4.11" } }, { "d": "2024-03-01", "MPR_2025M04_WAGES_S1": { "v": "5.05" }, "MPR_2025M04_WAGES_S2": { "v": "3.38" }, "MPR_2025M04_WAGES_S3": { "v": "3.40" } }, { "d": "2024-04-01", "MPR_2025M04_WAGES_S1": { "v": "4.72" }, "MPR_2025M04_WAGES_S2": { "v": "3.47" }, "MPR_2025M04_WAGES_S3": { "v": "3.00" }, "MPR_2025M04_WAGES_S4": { "v": "4.22" } }, { "d": "2024-05-01", "MPR_2025M04_WAGES_S1": { "v": "5.18" }, "MPR_2025M04_WAGES_S2": { "v": "3.79" }, "MPR_2025M04_WAGES_S3": { "v": "4.14" } }, { "d": "2024-06-01", "MPR_2025M04_WAGES_S1": { "v": "5.51" }, "MPR_2025M04_WAGES_S2": { "v": "4.39" }, "MPR_2025M04_WAGES_S3": { "v": "3.35" } }, { "d": "2024-07-01", "MPR_2025M04_WAGES_S1": { "v": "5.36" }, "MPR_2025M04_WAGES_S2": { "v": "4.13" }, "MPR_2025M04_WAGES_S3": { "v": "3.90" }, "MPR_2025M04_WAGES_S4": { "v": "3.76" } }, { "d": "2024-08-01", "MPR_2025M04_WAGES_S1": { "v": "5.17" }, "MPR_2025M04_WAGES_S2": { "v": "4.29" }, "MPR_2025M04_WAGES_S3": { "v": "5.01" } }, { "d": "2024-09-01", "MPR_2025M04_WAGES_S1": { "v": "4.60" }, "MPR_2025M04_WAGES_S2": { "v": "3.98" }, "MPR_2025M04_WAGES_S3": { "v": "4.93" } }, { "d": "2024-10-01", "MPR_2025M04_WAGES_S1": { "v": "5.22" }, "MPR_2025M04_WAGES_S2": { "v": "4.34" }, "MPR_2025M04_WAGES_S3": { "v": "5.52" }, "MPR_2025M04_WAGES_S4": { "v": "3.87" } }, { "d": "2024-11-01", "MPR_2025M04_WAGES_S1": { "v": "4.12" }, "MPR_2025M04_WAGES_S2": { "v": "3.78" }, "MPR_2025M04_WAGES_S3": { "v": "4.68" } }, { "d": "2024-12-01", "MPR_2025M04_WAGES_S1": { "v": "3.56" }, "MPR_2025M04_WAGES_S2": { "v": "3.43" }, "MPR_2025M04_WAGES_S3": { "v": "5.71" } }, { "d": "2025-01-01", "MPR_2025M04_WAGES_S1": { "v": "2.93" }, "MPR_2025M04_WAGES_S2": { "v": "3.26" }, "MPR_2025M04_WAGES_S3": { "v": "5.76" } }, { "d": "2025-02-01", "MPR_2025M04_WAGES_S1": { "v": "3.15" }, "MPR_2025M04_WAGES_S2": { "v": "3.46" } }, { "d": "2025-03-01", "MPR_2025M04_WAGES_S1": { "v": "2.75" }, "MPR_2025M04_WAGES_S2": { "v": "3.33" } } ] }