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Labor Costs
Main Indicator: Labor Productivity q/q
Most Recent Release
|
Actual | Forecast | Previous | Revised Form | |
| -0.3% | -0.4% | -0.7% | N/A | ||
|
For Q1
In the first quarter of 2008, the labour productivity of Canadian businesses declined for a second consecutive quarter, in a context of inclement weather, reduced working hours, and a widespread drop in manufacturing output, especially in the motor vehicle industry. As the volume of work hours remained flat, Canadian businesses saw their output decline dragging down productivity. Business GDP fell 0.3% in Q1. The decline in productivity as well as reduction of capacity utilization rate indicates that businesses and industries are pulling back in response to slowing economy. Although today's manufacturing shipments figures bested forecasts by a long-shot, the weaker new orders component indicate soft demand. |
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Table of Past Data
| 12/9 | 9/13 | 12/11 | 3/12 | 6/12 | 9/14 | 12/13 | 3/14 | 6/13 | |||
| Actual | 0.80% | -0.40% | -0.10% | 0.30% | 0.7% | 0.2% | 0.2% | -0.8% | -0.3% | ||
| Forecast | 0.50% | 0.20% | 0.30% | -0.40% | 0.7% | 0.4% | 0.1% | -0.2% | -0.4% | ||
| Previous | 0.00% | 0.50% | -0.40% | 0.00% | 0.2% | 0.7% | 0.2% | 0.1% | -0.7% | ||
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.2% | N/A | ||
Past Releases
|
Actual | Forecast | Previous | Revised Form | |
| -0.8% | -0.2% | 0.1% | 0.2% | ||
| For 4th Quarter | |||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.2% | 0.1% | 0.2% | N/A | ||
| For 3rd Quarter. | |||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.2% | 0.4% | 0.7% | N/A | ||
| Labor productivity in the June quarter decelerated. This can be directly linked to increased "hours of work dedicated to production" said StatCan. Hours worked rose 0.8% in the June quarter, compared to 0.3% in the first. Furthermore, unit labor cost grew slightly slower at 1.0% after increasing 1.1% for the first three months. | |||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.7% | 0.7% | 0.2% | N/A | ||
| Services and goods-producing sectors had positive contribution to the first-quarter increase in productivity. | |||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.30% | -0.40% | 0.00% | N/A |
|
Actual | Forecast | Previous | Revised Form | |
| -0.10% | 0.30% | -0.40% | N/A |
|
Actual | Forecast | Previous | Revised Form | |
| -0.40% | 0.20% | 0.50% | N/A |
|
Actual | Forecast | Previous | Revised Form | |
| 0.80% | 0.50% | 0.00% | N/A |