Monday, March 18, 2019

Monitoring Wage Growth?

First the good news – Stats-Canada said 66,800 new jobs were created in January, but don’t uncork the champagne yet folks: the jobless rate went up from 5.6 per cent to 5.8 because more people were looking for work.

 So the more things change, the more they stay the same. 

The youth jobless rate went up from 11.1 per cent to 11.2 — what a great future they have to look forward too. 

The year-over-year hourly wage growth for ”permanent employees”, was 1.8 per cent, which was up from December’s 1.5, but below its May peak of 3.9. 

However, we must be of good cheer; the geniuses that try to run the Bank of Canada said they are monitoring wage growth ahead of its interest rate decisions as they try to determine how well indebted households can absorb higher borrowing costs.

 Imagine them trying to run a children’s party.

For socialism, 
Steve, Mehmet, John &contributing members of the SPC .

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