Canada: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 142.17
 Reference Q4 2023
 Measure index points
 Data availability Q1 1981 - Q4 2023
 Average 63.41
 Min - Max 17.73 - 142.17
 Source Statistics Canada
For that indicator, we provide data for Canada from Q1 1981 to Q4 2023. The average value for Canada during that period was 63.41 index points with a minimum of 17.73 index points in Q1 1981 and a maximum of 142.17 index points in Q4 2023. Click on the following link to see the values of Labor cost index around the world.
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* indicates monthly or quarterly data series

Recent values chart
Canada - Labor cost - recent values

Historical chart
Canada - Labor cost - historical chart - 1981-2023
Measure: index points
Source: Statistics Canada

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Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.

 Related indicators Latest value Reference Measure
 Labor force 21.64 2023 million people
 Unemployment rate 5.28 2022 percent
 Female unemployment 5.26 2023 percent
 Male unemployment 5.56 2023 percent
 Youth unemployment 10.56 2023 percent
 Labor force participation 65.18 2023 percent
 Labor force: percent female 47.43 2023 percent
 Female labor force participation 61.14 2023 percent
 Male labor force participation 69.32 2023 percent
 Self-employment 13.57 2022 percent
 Employment 20.28 9/2023 million employed people
 Unemployment rate 5.20 9/2023 percent
 Labor cost 141.73 Q3/2023 index points
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