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Inflation gets some new fuel in the tank Add to ...

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The doubters who dismiss Canada’s recent inflation surge as a short-term blip have insisted that one of the key missing ingredients is accelerating wage growth. Well, don’t look now, but it’s accelerating.

Most observers looking at Statscan’s monthly Survey of Employment, Payrolls and Hours (SEPH), released Thursday morning, will focus on the lack of job creation that has become a pervasive theme in Canada’s labour market: The survey – which relies on data from actual employer withholdings from paycheques, and is widely considered more accurate than Statscan’s more widely publicized Labour Force Survey of households – indicated an 18,500-job decline in non-farm payroll employment in April, consistent with the 28,900 decline that the earlier Labour Force Survey had reported for the same month.

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