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Canadian labor productivity declines for 2nd consecutive quarter

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Canadian labor productivity declines for 2nd consecutive quarter

Labor productivity in Canada declined 0.6% in the third quarter, following a drop of 0.2% in the second quarter and an increase of 1.3% in the first quarter.

Business hours and output increased at a rate slower than that in the second quarter while the increase in hours worked exceeded the increase in output, according to Statistics Canada.

Real GDP of Canadian businesses rose 0.3% in the third quarter after a rise of 1.2% in the previous quarter.

Labor costs per unit increased 1.2% in the third quarter, following a decrease in the first and second quarters. The latest increase reflected a 0.6% rise in average compensation per hour worked and a 0.6% fall in productivity.