Arbeitspapier
Extending the labour market indicator to the Canadian provinces
Calculating the labour market indicator (LMI) at the provincial level provides useful insights into Canada's regional economies and reveals differing trends in the state of underlying labour market conditions across provinces. Conclusions based on the Canadian LMI do not necessarily translate to the provinces. In most cases, the correlations between the provincial LMIs and the underlying labour market variables have the expected sign. Differences among provinces reflect idiosyncratic differences among provincial labour markets. The values of the provincial LMIs are not invariant to the sample period used when constructing them. We find that using a longer sample estimation period improves the properties of some of the provincial LMIs. Recent values for the LMI show that labour markets have deteriorated notably in Alberta, Saskatchewan, and Newfoundland and Labrador. At the same time, the LMIs for British Columbia, Ontario, Quebec and New Brunswick have improved over the course of the past year and the gap between the unemployment rate and the LMI has tended to narrow.
- Language
-
Englisch
- Bibliographic citation
-
Series: Bank of Canada Staff Discussion Paper ; No. 2016-2
- Classification
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Macroeconomics: Consumption, Saving, Production, Employment, and Investment: Forecasting and Simulation: Models and Applications
Labor Force and Employment, Size, and Structure
Labor Demand
- Subject
-
Labour markets
Recent economic and financial developments
- Event
-
Geistige Schöpfung
- (who)
-
Fritsche, Alexander
Ragan, Katherine
- Event
-
Veröffentlichung
- (who)
-
Bank of Canada
- (where)
-
Ottawa
- (when)
-
2016
- DOI
-
doi:10.34989/sdp-2016-2
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Fritsche, Alexander
- Ragan, Katherine
- Bank of Canada
Time of origin
- 2016
Other Objects (12)
Revisiting National Border Effects in Foreign Trade in Goods of Canadian Provinces
Canadian financial stress and macroeconomic conditions
High-frequency real economic activity indicator for Canada
The behaviour of consumer prices across provinces
A foreign activity measure for predicting Canadian exports
Assembling a real-financial micro-dataset for Canadian households
An examination of Canadian firms delisting from US exchanges
Amazon effects in Canadian online retail firm-product-level data
Toward a HANK model for Canada: Estimating a Canadian income process
Testing for financial contagion with applications to the Canadian banking system
The impact of market timing on Canadian and US firms' capital structure
Estimating the demand for settlement balances in the Canadian large value transfer system
Revisiting National Border Effects in Foreign Trade in Goods of Canadian Provinces
Canadian financial stress and macroeconomic conditions
High-frequency real economic activity indicator for Canada
The behaviour of consumer prices across provinces
A foreign activity measure for predicting Canadian exports
Assembling a real-financial micro-dataset for Canadian households
An examination of Canadian firms delisting from US exchanges
Amazon effects in Canadian online retail firm-product-level data
Toward a HANK model for Canada: Estimating a Canadian income process
Testing for financial contagion with applications to the Canadian banking system
The impact of market timing on Canadian and US firms' capital structure
Estimating the demand for settlement balances in the Canadian large value transfer system
Revisiting National Border Effects in Foreign Trade in Goods of Canadian Provinces
Canadian financial stress and macroeconomic conditions
High-frequency real economic activity indicator for Canada
The behaviour of consumer prices across provinces
A foreign activity measure for predicting Canadian exports
Assembling a real-financial micro-dataset for Canadian households
An examination of Canadian firms delisting from US exchanges
Amazon effects in Canadian online retail firm-product-level data
Toward a HANK model for Canada: Estimating a Canadian income process
Testing for financial contagion with applications to the Canadian banking system
The impact of market timing on Canadian and US firms' capital structure