EconPapers    
Economics at your fingertips  
 

A Canada-US Comparison of Labour Market Conditions

Dany Brouillette, Katerina Gribbin, Justin-Damien Guenette, James Ketcheson (), Olena Kostyshyna, Jonathan Lachaine and Colin Scarffe

Staff Analytical Notes from Bank of Canada

Abstract: 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
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.bankofcanada.ca/wp-content/uploads/2017/04/san2017-4.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:17-4

Access Statistics for this paper

More papers in Staff Analytical Notes from Bank of Canada 234 Wellington Street, Ottawa, Ontario, K1A 0G9, Canada. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2024-02-23
Handle: RePEc:bca:bocsan:17-4