View the Archive..November 27, 2014EMPLOYMENT, EARNINGS AND HOURS, SEPTEMBER 2014
Nova Scotians' average weekly earnings (including overtime, seasonally adjusted) increased 0.1 percent from August to $823.06 in September 2014, and was 2.9 per cent above the level in September 2013. Canadians' average weekly wages increased 0.3 per cent from August to $941.92 in August 2014, a 3.4 percent increase over September 2013.
This month, all provinces with the exception of Manitoba, Alberta and BC saw increases in average weekly earnings on a monthly basis. On a year-over-year basis, all provinces average wages increased with Manitoba growing the most, at 5.4 percent year over year.
Year-to-date, Nova Scotians' average weekly earnings increased 3.3 percent, to $820.80. Canadians' average weekly earnings rose 2.9 percent year to date (January to September 2014 vs January to September 2013) to $933.55.
In September, earnings in goods producing industries in Nova Scotia increased 1.7 percent on a month to month basis, and increased 5.5 percent year-over-year. Service producing industries wages increased 0.1 percent month to month, and increased 2.7 percent compared to September 2013 (all figures are seasonally adjusted).
On a year to date basis, the Industrial Aggregate (excluding unclassified businesses) average weekly earnings for Nova Scotia rose by 3.3 percent to $820.80. Goods industries wages were up 4.3 percent (to $987.35) on a year to date basis, and services industry wages were up 3.2 percent year to date (to $793.20).
In September, Nova Scotia had 402,406 employees, an increase of 0.2 percent compared to last month, and 0.8 percent higher than a year ago. Canada had 15.6 million employees, unchanged from last month and 0.9 percent higher than a year ago.
On a year to date basis, Nova Scotia had 0.1% fewer employees to September and Canada had 1.0 more employees compared to the first nine months of last year.
Source: Statistics Canada, Survey of Employment, Payroll, and Hours. CANSIM Tables 281-0049
November 27, 2014BALANCE OF INTERNATIONAL PAYMENTS 3RD QUARTER 2014
In Canada 3rd Quarter 2014, the seasonally adjusted current account deficit decreased $1.5 billion over the 2nd quarter 2014 to $8.4 billion.
In the 3rd quarter 2014, exports (receipts) of goods and services increased $1.8 billion to $158.6 billion, while imports (payments) of goods and services increased $1.0 billion to $161.4 billion. The resulting international goods and services trade deficit decreased $808 million to $2.8 billion.
November 27, 2014FIXED CAPITAL ASSETS, 2013
Statistics Canada has released details of fixed capital asset acquisition for 2013. Last year, private non-residential investment grew by 7.3 per cent in Nova Scotia (all figures are in real terms - adjusted to 2007 constant prices), while national investment growth was flat. Government non-residential real investment growth was 9.4 per cent in Nova Scotia, compared with a drop of 1.6 per cent nationally. Real residential investment growth was 0.9 per cent in NS (vs. -0.6 per cent nationally).
November 26, 2014FARM INCOME, 2013
Statistics Canada has released the latest farm income results. Nova Scotia's farm cash receipts grew by 2.2 per cent in 2013. This was above the national pace of growth, but slower than the average 7.8 per cent pace of growth over the three prior years. Nova Scotia's farm cash receipts account for 1.1 per cent of the national total.
November 26, 2014US PERSONAL INCOME AND OUTLAY, OCTOBER 2014
US personal income increased in October 0.2 percent ($32.9 billion), and disposable personal income increased $23.4 billion. Over the past ten months, personal income and personal disposable income have grown by 3.3 and 3.2 per cent, respectively.
Consumer expenditures increased by 0.2 per cent over the month ($27.3 billion). Personal savings continue to rise and now stand at 5.0 per cent of disposable income.