Every quarter, the StatCan Blog publishes a guest post on research at Statistics Canada. Our third post is from Mark Brown, a chief in the Economic Analysis Division, Statistics Canada.
Every month, you probably catch some news about labour statistics in Canada. Maybe it’s the national unemployment rate, the number of new jobs in your province, or how many of these jobs are full- or part-time. But as any job seeker or business owner will tell you, these figures alone do not tell the full story of Canada's labour market.
Say you're at the grocery store and you notice that your favourite brand of peanut butter is 50 cents cheaper than the last time you bought it. But when you look carefully, you see that the jar is 25mL smaller. The next biggest size costs a little less per mL, and as far as you can tell, it is the same size and price as the month before. So, is your favourite peanut butter getting cheaper, or more expensive? What about the price of peanut butter in general?