-
Canada labour productivity, hourly compensation and unit labour cost, 4th quarter2014
Labour productivity in Canadian businesses edged down 0.1% in the fourth quarter, following a 0.2% gain in the third quarter. In the fourth quarter, business output increased at roughly the same pace as hours worked. Real gross domestic product (GDP) of businesses rose 0.6% in the fourth quarter, compared with a growth rate of 1.0% in the third quarter. Most major industries increased their output, while the output of both service-producing and goods-producing businesses grew 0.6%. Hours worked devoted to production in the business sector rose 0.6% in the fourth quarter, after increasing 0.7% in the third quarter. ... (full story)