Sentences with phrase «real output per hour»

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

The primary determinants of GDP growth over time are 1) growth in total employment plus 2) growth in real output per hours worked.

Not exact matches

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.

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 economy.

The real measure of productivity is the ratio of output to input, or how much is produced per hour of work.