Benchmarks for assessing labour market health: 2023 update

Erik Ens, Kurt See and Corinne Luu

No 2023-7, Staff Analytical Notes from Bank of Canada

Abstract: We enhance benchmarks for assessing strength in the Canadian labour market. We find the labour market remains tight despite recent strong increases in labour supply, including among prime-working-age women]. We also assess the anticipated easing in labour conditions in a context of high population growth.

Keywords: Business fluctuations and cycles; Coronavirus disease (COVID-19); Econometric and statistical methods; Labour markets; Monetary policy (search for similar items in EconPapers)
JEL-codes: E E24 J J21 J6 (search for similar items in EconPapers)
Date: 2023-05
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