The Canadian Press
The labour productivity of Canadian businesses fell 0.2% in the third quarter after fluctuating between increases and declines of 0.1% since the second quarter of 2008.
In each of the preceding five quarters, real gross domestic product (GDP) and hours worked declined in tandem and, as a result, Statistics Canada says productivity changed little.
The agency says the real GDP of businesses edged down 0.1% in the third quarter, following sharp declines in each of the previous three quarters.
Hours worked were up 0.2%, their first hike since the first quarter of 2008.
Employment and hours worked per job both grew by 0.1%.
StatsCan says the decline in overall business productivity was mainly a result of the goods-producing business sector, which fell 0.9% in the third quarter.
Nonetheless, productivity in manufacturing recorded a second straight quarterly gain.
Labour productivity falls 0.2% in Q3
Productivity in the goods-producing business sector drops 0.9%
- By: The Canadian Press
- December 15, 2009 December 15, 2009
- 08:54