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Labour productivity, hourly compensation and unit labour cost, third quarter 2019
Labour productivity of Canadian businesses grew 0.2% in the third quarter, after edging up 0.1% in the previous quarter. This was the third consecutive quarterly increase. Hours worked slowed considerably in the third quarter, after a quarter of strong growth, while growth in business output also decelerated, but nonetheless still surpassed the growth in hours worked. Growth in the real gross domestic product (GDP) of businesses was 0.3% in the third quarter, far from the gain observed in the second quarter (+1.0%). The growth in output in the third quarter was mainly moderated by the decrease in goods-producing ... (full story)