Department of Finance
 
Department of Finance
Wages and Salaries Growth Slows
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  • In 2004, New Brunswick wages and salaries were up 1.6% from 2003. The national increase was 3.9%.

  • Growth was higher for the service sector (+2.0%) than the goods producing sector (+0.8%) for the province.

  • Twelve of the 15 major industry categories reported increases with gains of more than 5% in construction (+5.8%), utilities (+5.5%), finance, real estate and company management (+5.2%) and mining and oil and gas extraction (+5.2%). Declines were registered in information and cultural industries (-5.7%), manufacturing (-2.7%) and agriculture, forestry, fishing and hunting (-1.4%).

  • More than 60% of wages and salaries are captured in the categories of professional and personal services industries (14.0%), trade (12.5%), manufacturing (11.9%), public administration (11.4%) and health care and social assistance (11.2%).

  • Average weekly earnings in 2004 ranged from $276.80 in accommodation and food services, to $460.54 in retail trade, to $610.75 in health care and social assistance, to $729.43 in manufacturing, to $839.12 in professional, scientific and technical services. Overall average weekly earnings advanced 3.0% to $643.26, representing almost 92% of the national average of $700.88.

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