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May 31, 2022COMPENSATION OF EMPLOYEES Q1 2022 Nova Scotia’s seasonally adjusted employee compensation (wages and salaries + employers’ social contributions) increased 2.3% in the first quarter of 2022 to $6.872 billion. The wages and salaries portion of employee compensation increased 2.2% to $5.932 billion in the first quarter and employers' social contributions were up 3.2% to $941 million.
Employee compensation in Q1 2022 was up 5.9% in Nova Scotia when compared to the first quarter of 2021 with a 5.8% increase in wages and salaries and a 6.7% increase in employers' social contributions.
In March 2022, employee compensation increased 4.3% compared to March 2021, with wages and salaries up 4.2% and employers' social contributions up 4.9%.
Provincial Comparison
In the first quarter of 2022, Canada’s employee compensation was up 3.8% from the previous quarter with all provinces registering gains. Quebec posted the largest increase in the first quarter of the year.
Nova Scotia's monthly employee compensation has been above pre-COVID February 2020 levels since October 2020. As of March 2022 employee compensation is 11.1% higher than February 2020, with wages and salaries up 10.9% and employers' social contributions up 12.6%.
Compared to February 2020, all provinces had higher compensation of employees in March 2022 with the largest increase in British Columbia, Prince Edward Island, Quebec and Ontario. Alberta had the smallest growth compared to February 2020.
Nova Scotia Sectors (unadjusted, Q1 2022 vs Q1 2021)
Comparing the seasonally unadjusted data for Q1 2022 with the same quarter in 2022, total wages and salaries increased 5.7% in Nova Scotia.
Mining and oil and gas extraction, military and educational services sectors reported lower total wages and salaries.
Within the goods-producing sector, agriculture, forestry and fishing (+10.4%) and construction (+8.3%) reported the faster growth.
Professional and personal services and information and cultural industries reported higher growth than finance and real estate, wholesale and retail trade, and transportation and storage.
Federal public administration and ,local government public administration, and health care and social assistance total wages were up in Q1 2022 compared to Q1 2021.
Note: comparison of wages and salaries by sector rely on data that are neither seasonally adjusted nor adjusted to reflect differences in pay periods from one year to the next. Compensation of employees data includes wage and salaries income that is supported by government subsidy programs including COVID-19 measures such as the Canadian Emergency Wage Subsidy.
Statistics Canada. Table 36-10-0205-01 Wages, salaries and employers' social contributions (x 1,000)
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