November’s big job boom and what it means for Canada’s economy
The Decibel
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Is the Bank of Canada Going to Rake Interest Rates?
In a tight labor market like we have now, it means that employers are going to have to pay people more. But statskan has come up with this sort of fixed wage measure and they find that over the past two years, the average hourly wage has only gone up like five point three % a which is pretty tepid wage growth. It's not horrible, but it's not necessarily as strong as you would think for how tight the labor market is.
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