“To the moon, Alice, to the moon!”

With all systems on cool and the Labor Market still running hot, wages for Highly-Skilled Labor are poised to skyrocket.

U.S. employers added 261,000 jobs in October down from 263,000 in September, while the unemployment rate rose to 3.7% increasing by 0.2%.

The Canadian economy added 108,000 jobs in October, increasing from 21,000 in September, while the unemployment rate remained unchanged at 5.2%.

All indicators are pointing towards Inflation peaking in 2022 within the ranges of 7.0% to 8.5%, and leveling off to 2.5-3.5% in 2023 as Cost-Push Supply Chain pressures ease.  However given the Relative Scarcity for Highly-Skilled Labor, and the Resilience of the Labor Market compounded with Continued Short-Term Expected Increases in the Consumer Price Index, we are continuing to see an Upward Transmission of Wages in the Highly-Skilled Labor Segment.  This exasperated Cost-Pull Inflation will put extra pressure on hitting Output/Real GDP targets in 2023.

Employers are needing to balance Market Uncertainty with Higher than Expected Current Demand, and Higher Wages.

The Cost of Hiring the Right Person at a Higher Than Expected Salary is Always Lower than Any Alternative in the Long Run.

We have a lot more work to do in order to hit these productivity targets – Get the Right People.


U.S. Bureau of Labor Statistics

Statistics Canada – Labor Force Survey

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