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Business sector: Some related variables for labour markets 1

Standard symbols

  Fourth quarter 2002 First quarter 2003 Second quarter 2003 Third quarter 2003 Fourth quarter 2003 First quarter 2004
Seasonally adjusted
% change from previous quarter
Canada
All jobs
1.0
0.0
-0.1
0.4
1.0
-0.1
Hours worked
0.9
-0.3
-0.2
0.4
0.9
0.5
Average hours
0.0
-0.3
-0.1
0.0
-0.1
0.6
Labour share 2
-0.6
-1.5
1.3
-0.3
-0.1
-1.5
United States
All jobs
0.2
-0.3
-0.3
0.2
0.3
0.0
Hours worked
-0.1
-0.3
-0.8
0.4
0.4
0.2
Average hours
-0.2
-0.1
-0.5
0.2
0.2
0.1
Labour share 2
-0.5
-0.1
-0.6
-1.4
0.2
-0.3
% change from same quarter of previous year
Canada
All jobs
4.2
2.8
1.7
1.2
1.2
1.1
Hours worked
3.5
2.1
1.3
0.8
0.8
1.6
Average hours
-0.6
-0.6
-0.4
-0.4
-0.5
0.4
Labour share 2
-4.2
-5.3
-1.3
-1.2
-0.7
-0.6
United States
All jobs
-0.8
-0.4
-0.6
-0.3
-0.1
0.3
Hours worked
-0.9
-0.6
-1.3
-0.8
-0.2
0.3
Average hours
0.0
-0.2
-0.8
-0.6
-0.2
0.0
Labour share 2
-3.2
-1.8
-2.2
-2.6
-1.9
-2.1
% change from previous quarter at annualized rates 3
Canada
All jobs
3.9
0.0
-0.3
1.4
3.9
-0.3
Hours worked
3.6
-1.1
-0.7
1.4
3.6
2.1
Average hours
0.0
-1.2
-0.4
0.0
-0.4
2.5
Labour share 2
-2.4
-6.0
5.1
-1.2
-0.4
-5.7
United States
All jobs
0.7
-1.4
-1.0
0.7
1.4
0.0
Hours worked
-0.5
-1.5
-2.8
1.5
2.0
0.5
Average hours
-0.8
-0.4
-2.0
0.8
0.8
0.4
Labour share 2
-2.0
-0.4
-2.4
-5.6
0.8
-1.2
1 Source: U.S. data are from the Bureau of Labor Statistics, Productivity and costs, published in NEWS.
2 This is the ratio of labour compensation to GDP at market prices in current dollars.
3 The change at annualized rates corresponds to the annual growth rate that would have been observed if the growth over the quarter had been the same for the whole year.