The labour productivity of Canadian businesses fell 0.5% in the third quarter, following a 0.6% decline the previous quarter. It was the second consecutive decrease after three quarterly gains.
Chart 1
Productivity in Canadian businesses declines once more
The decline in productivity in the third quarter took place in a context where business output remained at the same level as in the previous quarter, while hours worked continued to grow, though at a slower pace than in the previous quarter.
Choosen excerpts by Job Market Monitor from
via The Daily — Labour productivity, hourly compensation and unit labour cost, third quarter 2012.
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