The State of Labour Market Churn in Canada

Olena Kostyshyna and Corinne Luu

No 2019-4, Staff Analytical Notes from Bank of Canada

Abstract: The literature highlights that labour market churn, including job-to-job transitions, is a key element of wage growth. Using microdata from the Labour Force Survey, we compute measures of labour market churn and compare these with pre-crisis averages to assess implications for wage growth. Overall, while it has improved in Canada, labour market churn broadly remains below pre-crisis averages. This relatively subdued level of churn is consistent with modest slack remaining in the Canadian labour market and thus helps explain the modest wage growth over the past few years.

Keywords: Labour markets; Recent economic and financial developments (search for similar items in EconPapers)
JEL-codes: E24 J20 J30 J63 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2019-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:19-4

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