Labour Productivity and Costs in Canada: Third Quarter 2024
In the third quarter of 2024, labour productivity in Canadian businesses decreased by 0.4%. This marks the third consecutive quarter of decline, following a 0.1% decrease in the second quarter and a 0.2% decrease in the first quarter. The reduction in productivity is attributed to a slowdown in business output growth, which rose by only 0.1% compared to the previous quarter's 0.5% increase.
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