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Tomorrow& #39;s March SEPH day! SEPH is StatCan’s employer-focused counterpart to the LFS, which will cover payrolls for the last week of March, when the shut-down was well underway.
Here are 3 things I’ll be looking out for, that we don’t get in the LFS data: (1/8)
Here are 3 things I’ll be looking out for, that we don’t get in the LFS data: (1/8)
1. Industry detail - SEPH’s job counts are based on the employee T4’s of ALL active Canadian businesses - as a result it provides way more detail on industries than the LFS, which in the public data combines some pretty large categories. (2/8) https://twitter.com/BrendonBernard_/status/1264917694622679046?s=20">https://twitter.com/BrendonBe...
Some industry breakdowns I’ll be watching: within retail, how do essential stores hold up vs non-essential.
Hospital vs. clinics, vs. the dentist offices, have likely fared differently within healthcare, while professional services include a wide range of sectors! (3/8)
Hospital vs. clinics, vs. the dentist offices, have likely fared differently within healthcare, while professional services include a wide range of sectors! (3/8)
2. Weekly earnings (avg & aggregate).
The LFS has some problems in assessing how paychecks have changed in this crisis - in contrast, SEPH directly tracks employee pay received during the reference week - this’ll help give a sense of how much labour income has been lost. (4/8)
The LFS has some problems in assessing how paychecks have changed in this crisis - in contrast, SEPH directly tracks employee pay received during the reference week - this’ll help give a sense of how much labour income has been lost. (4/8)
3. Fixed weight hourly earnings - one of the issues with following LFS wage growth is it’s influenced by the changing job mix - with lower paid roles hit hardest, hourly wages are actually up sharply! (5/8) https://twitter.com/BrendonBernard_/status/1260638800893616130?s=20">https://twitter.com/BrendonBe...
SEPH’s fixed-weight earnings index helps deal with some of these compositional changes by removing the impacts of shifts across provinces, industries, and hourly/salaried workers. If the crisis has affected wages (as some surveys suggest), it might show up here (6/8)
