While surviving
the declined labour productivity in the last two quarters, the first quarter statistics revealed a modest but hopeful increase by 0.3 % for Canadian businesses, with a decrease in costs by 1.8 %, attributed in some way to the slight, but slowed growth in hourly compensation.
Not exact matches
In a presentation to the Canadian Association for Business Economics in August, Industry Canada economist Annette Ryan reiterated the familiar
productivity lament: beginning in the 1980s, growth in Canadian
labour productivity, defined as GDP per hour worked, has been steadily
declining and now trails the U.S. and the majority of other G7 countries.
The slowing in 2015 results from a further
decline in the growth of trend
labour input coupled with no change in the growth rate of trend
labour productivity.
Most economists expect potential economic growth to
decline from about 3 per cent annually to about 2 per cent over the next ten years, as a result of continued poor
productivity growth and a slowing
labour force growth as the population ages.
The U.S. Bureau of Labor Statistics has just released a comparison of manufacturing output, employment,
productivity, and unit
labour costs in 16 different industrialized countries. Here's the link: http://www.bls.gov/news.release/pdf/prod4.pdf This data confirms that Canada's manufacturing industry is in the midst of a uniquely terrible crisis. Some commentators have suggested that the sharp
decline in Canadian -LSB-...]
The
labour productivity of Canadian businesses fell by 0.6 per cent in the third quarter, the second consecutive
decline, as the number of hours worked grew faster than business output.
This growth slowdown reflects both
declining labour force growth as baby boomers retire in large numbers and a reduced pace of aggregate
productivity growth.
The much awaited
Labour Productivity Data was released last Tuesday, shedding a glimpse of improvement from the devastating downpour of declined productivity and hourly compensation and uncomfortably high labour costs ending
Labour Productivity Data was released last Tuesday, shedding a glimpse of improvement from the devastating downpour of
declined productivity and hourly compensation and uncomfortably high
labour costs ending
labour costs ending 2008.