News from The Daily
Multifactor productivity growth in the business sector rebounded last year in tandem with a more rapid economic growth. The larger increase in GDP in 2004, together with a 2.6% increase in the combined inputs of labour and capital, resulted in the 0.5% increase in multifactor productivity.
Labour Force Survey
Employment edged up 14,000 in June, bringing total gains during the second quarter to 79,000 (+0.5%), three times the growth rate observed in the first quarter of 2005. The unemployment rate edged down to 6.7% in June, equalling the lowest rate in almost three decades last set in June 2000.
Employer pension plans (trusteed pension funds)
The value of the retirement savings of millions of Canadian workers with trusteed pension plans has increased for the seventh straight quarter. Pension fund managers successfully enhanced the value of fund assets to $688.0 billion during the fourth quarter of 2004, a 3.7% increase over the previous quarter.
Labour Force Survey: Western Canada's off-reserve Aboriginal population
Labour market conditions have improved for off-reserve Aboriginal people in western Canada. However, gaps still persist between the Aboriginal and non-Aboriginal population. During the 12 months ending in March 2005, unemployment rates for Aboriginal people residing in the West were 2.5 times higher than for non-Aboriginal people, on average.
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