Sometimes it can be hard to read the tea leaves when tracking the indicators telling us how the marketplace is performing. We have to examine a basket of things to get a solid grip on the big picture. Basically, we trying to find the trend while ignoring the outliers.
And this is especially true in testing the mood of consumers. We look at both what’s coming in and then what’s going out.
Going out includes spending on everyday things to big ticket items like cars and houses. On this one, Saskatchewan consumers are being cautious.
On the incoming side, we look at the job picture and wage levels. If money is coming in at a steady pace, that’s a good thing.
And on this front, employers are truly holding up their end. Job numbers remain solid and the latest wage data shows pay checks going up. They rose about three-percent in the year that ended in November. And they were up half a point for the month – that was tops in the country.
So, with workers are doing alright in terms of income….we can probably expect little to change in the market.