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Business sector: Some related variables for labour markets 1

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  Third quarter 2003 Fourth quarter 2003 First quarter 2004 Second quarter 2004 Third quarter 2004 Fourth quarter 2004
Seasonally adjusted
% change from previous quarter
Canada
All jobs
0.3
1.0
-0.1
0.8
0.7
0.4
Hours worked
0.2
1.1
0.8
1.1
0.8
0.1
Average hours
-0.1
0.1
0.8
0.3
0.2
-0.4
Labour share 2
-0.3
-0.1
-0.8
-1.6
-1.0
0.2
United States
All jobs
0.3
0.3
0.2
0.7
0.4
0.2
Hours worked
0.3
0.5
0.3
0.3
0.6
0.1
Average hours
0.0
0.2
0.1
-0.4
0.2
-0.1
Labour share 2
-0.9
0.2
-0.8
-0.2
0.6
-0.3
% change from same quarter of previous year
Canada
All jobs
1.3
1.5
1.1
2.0
2.4
1.8
Hours worked
0.9
1.1
1.7
3.2
3.8
2.8
Average hours
-0.4
-0.3
0.6
1.1
1.4
0.9
Labour share 2
-1.2
-0.7
0.0
-2.8
-3.4
-3.1
United States
All jobs
-0.2
0.1
0.3
1.4
1.5
1.4
Hours worked
-0.7
-0.2
0.6
1.3
1.6
1.3
Average hours
-0.5
-0.2
0.2
-0.1
0.1
-0.2
Labour share 2
-1.9
-1.4
-2.0
-1.7
-0.2
-0.7
% change from previous quarter at annualized rates 3
Canada
All jobs
1.1
4.3
-0.3
3.1
2.8
1.7
Hours worked
0.7
4.4
3.2
4.6
3.2
0.3
Average hours
-0.4
0.4
3.3
1.2
0.8
-1.6
Labour share 2
-1.2
-0.4
-3.3
-6.1
-3.8
0.9
United States
All jobs
1.0
1.4
0.3
2.7
1.7
1.0
Hours worked
1.1
2.0
1.2
0.9
2.5
0.5
Average hours
0.0
0.8
0.4
-1.6
0.8
-0.4
Labour share 2
-3.6
0.8
-3.2
-0.8
2.5
-1.2
1 Source: U.S. data are from the Bureau of Labor Statistics, Productivity and costs, published in NEWS.
2 This is the ratio of labour compensation to GDP at market prices in current dollars.
3 The change at annualized rates corresponds to the annual growth rate that would have been observed if the growth over the quarter had been the same for the whole year.