Hey there, time traveller!
This article was published 20/11/2013 (895 days ago), so information in it may no longer be current.
Manitoba’s business sector led the country in labour-productivity gains in 2012, with growth of 2.1 per cent, according to new Statistics Canada figures released today.
The growth rate here was three times that of the second-best-performing province — Alberta — and almost two percentage points higher than the national average growth rate of 0.2 per cent.
Statistics Canada said Manitoba’s gain was due mainly to strong growth in the agriculture and construction industries.
Labour productivity is a measure of real gross domestic product (GDP) per hour worked. Productivity gains occur when the production of goods and services grows faster than the volume of work dedicated to their production.
Statistics Canada said business real GDP in Manitoba grew by three per cent for the year, while the number of hours worked rose by only 0.9 per cent.
It noted Manitoba was one of only four provinces to see an increase in labour productivity in 2012. Its performance was a big improvement from 2011, when labour productivity here grew by only 0.5 per cent.