A Canada-US Comparison of Labour Market Conditions
James Ketcheson (),
Jonathan Lachaine and
Staff Analytical Notes from Bank of Canada
In this note, we provide a brief comparison of the recent developments in the labour markets in Canada and the United States. Our analysis indicates that slack remains in the Canadian labour market, while the US labour market is close to full employment. Canada’s negative labour input gap reflects weak average hours worked, whereas aggregate employment is getting close to its trend. In the United States, in contrast to Canada, both the level of employment and average hours worked are currently estimated to be at trend. The decomposition of the growth of average hours worked for Canada suggests that its overall decline is broad-based within each type of work (full-time/part-time), worker characteristics (region/age/sex) and sector (goods/services).
Keywords: Labour markets; Recent economic and financial developments (search for similar items in EconPapers)
JEL-codes: E E2 E24 J J2 J21 J22 J23 (search for similar items in EconPapers)
Pages: 14 pages
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:17-4
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