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Labour productivity, hourly compensation and unit labour cost, first quarter 2023
Labour productivity of Canadian businesses fell 0.6% in the first quarter, a similar decrease to that recorded in the previous quarter (-0.5%) and the fourth consecutive quarterly decline. Chart 1 Chart 1: Growth in hours worked again exceeds that of business output in the first quarter Growth in hours worked again exceeds that of business output in the first quarter Chart 1: Growth in hours worked again exceeds that of business output in the first quarter Business output resumed growth in the first quarter, following a contraction in the previous quarter. Meanwhile, growth in hours worked accelerated, after slowing ... (full story)