Sentences with phrase «labour productivity per»

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.

«That's equal to a permanent increase in output of almost $ 1,000 per Canadian every year, and that's even before you factor in the possible investment and productivity gains that would come with such an increase in labour supply,» he said.

I don't know what was happening to Canadian productivity before 1973, but even if there was no growth in output per worker, the increase in our labour terms of trade would have induced significant gains in real wages.

Notes: Labour productivity: total economy real output per hour (constructed from BLS and BEA data).

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.

So, in Canada's case, lower labour productivity and fewer hours worked caused Canada's income per capita to be lower than that of the United States.

If Canada's level of labour productivity had increased to the U.S. level (and the other four factors had stayed the same), Canada's income per capita would have been $ 8,500 higher.

For example, to calculate what portion of the Canada-U.S. gap in income per capita is due to Canada's lower labour productivity, we substitute U.S. labour productivity into the equation but keep Canadian data for the other four components (hours worked, unemployment, labour force participation, and demographic structure).

In turn, the investment spending increases labour productivity as more equipment boosts worker output per hour.

Strong productivity growth, combined with moderating wage growth and ample spare capacity in the economy, led to unit labour costs falling by 1.7 per cent over the year to the December quarter.

Last month, Statistics Canada reported that the labour productivity rate growth contracted 0.2 per cent in 2015, by far its weakest result in three years.

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.

Labour productivity growth — the rate of growth of output per hour worked — is also a useful concept since labour productivity growth ultimately determines the sustainable rate of growth of real wages in the ecLabour productivity growth — the rate of growth of output per hour worked — is also a useful concept since labour productivity growth ultimately determines the sustainable rate of growth of real wages in the eclabour productivity growth ultimately determines the sustainable rate of growth of real wages in the economy.

Growth in non-farm GDP per hour worked — a broad measure of labour productivity — has averaged 1.8 per cent per annum since the start of the recovery, a higher rate than in the corresponding phase of the previous cycle, but slightly lower than in the 1970s cycle.

The profits recovery has been driven by continued strong productivity growth in conjunction with subdued compensation growth (due to the weak labour market), which has seen unit labour costs fall by 5 per cent since June 2001 — the largest fall on record (Graph A4).

The programme is primarily aimed at carrying out regional campaigns to improve labour productivity and boost employment and helping the participating businesses to increase their workforce productivity by at least 30 per cent.

How will you respond to changes in per capita consumption, population size, labour force productivity and share of renewables in the energy mix for example?

However, the issue with using Marx for this is that Marx discovered empirically that not all labour hours are treated the same, and that the level of capitalisation (unit productivity per labour hour), personal productivity (length of the working day, fatigue), and social utility produced an «average» social labourer.

On the basis of new population estimates, the author derives GDP per head, decomposed into labour productivity and the amount...

OECD data on labour productivity (GDP per hour worked) suggests that greater productivity is realized with shorter hours.