Sentences with phrase «measures average productivity»

(Wonkish detail: Labour productivity measures average productivity, but the mechanism described in the preceding paragraphs predicts that real wages should track marginal productivity — the extra output produced by an additional unit of labour.

Not exact matches

Rather than judge Canada's success on abstract measures, which have little meaning to average folk — GDP, productivity, trade balances — Trudeau's candidacy is built on a pragmatic mantra: «A strong economy is the one that provides the largest number of good jobs for the largest number of Canadians.»

If you're skeptical about an «innovation index» meaning much in a practical sense, then consider this: in terms of productivity (measured by GDP per hour worked), Canada ranks far below the G7 average — a staggering 12 per cent below, in fact — and only marginally above that of the broader OECD.

Canadian workers» productivity, or the output produced on average per hour worked (which is measure by dividing real GDP by an estimate of total hours worked over a certain period), dipped 0.5 per cent between July and September after declining 0.6 per cent between April and June.

The Toronto Stock Exchange compared ESOP versus non - ESOP public companies and showed that in ESOP companies: — five - year profit growth was 123 % higher — net profit margins were 95 % higher; — productivity measured by revenue per employee was 24 % higher; — return on average total equity was 92.3 % higher — return on capital was 65.5 % higher.

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.

Both measures are expressed in global hectares — globally comparable, standardized hectares with world average productivity.