A rise in worker absences is contributing to labour costs and inflation, CIBC says
Central banks must contend with hot labour market but avoid overtightening
Rather, the economy reacts more strongly to negative news
Inflation shifts from goods to services, BMO report explains
U.S. unemployment at 53-year low of 3.5%, wage growth at 4.6% in December
Wages up 5.1%, unemployment rate at 5.0%
Confidence in job market remains high among workers with in-demand skills
TD expects inflation will fall next year but no consensus on whether BoC will hike rates further
The total remained elevated compared with before the pandemic
Retirements may enable employers to avoid mass layoffs in an economic slump, NBF says