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November 2004
Vol. 5, no. 11

Perspectives on Labour and Income

News from The Daily

The Canadian Labour Market at a Glance
The Canadian Labour Market at a Glance is a new online publication which provides an overview of a host of labour market topics, such as labour market trends, employment by industry, trends in workplace training, reasons workers select part-time jobs, absenteeism rates, wages and income, international comparisons, labour markets in provinces and census metropolitan areas, and the labour market for immigrants and Aboriginal people.

Bipolar I disorder, social support and work
Bipolar I disorder is a highly disruptive chronic mood disorder, yet two-thirds of the people who have it are able to hold a job. What appears to make a big difference between having a job or not is the availability of someone to help with the practical necessities of life.

Provincial gross domestic product per capita
Through the 1990s and early 2000s, Alberta's gross domestic product (GDP) per capita accelerated away from the national average. Over the same period, GDP per capita among the remaining provinces began to converge.

Provincial and territorial economic accounts
Real gross domestic product (GDP) for 2003 has been revised upwards for most provinces and territories except for Prince Edward Island and Saskatchewan, which were unchanged, and New Brunswick, which was lowered slightly. The Northwest Territories and Newfoundland and Labrador had the largest growth rates in 2003.

Labour Force Survey
Employment rose by an estimated 34,000 in October, the second consecutive monthly increase, following little change over the summer months. The unemployment rate was unchanged at 7.1% as more people entered the labour force. Job growth is up 1.2% (+190,000) so far this year with all of the gains in full-time employment, while hours worked have increased by 1.5%.

Savers, investors and investment income
The number of Canadians reporting investment income fell for the third straight year in 2003, although not nearly as much as in the previous two years. The amount of investment income received in 2003 was down slightly from 2002.

Registered retirement savings plan contributions
Canadians increased their contributions to a Registered Retirement Savings Plan (RRSP) in the 2003 tax year for the first time in three years. The number of contributors declined slightly.

Gross domestic product by industry
Canada's gross domestic product (GDP) picked up steam in August, increasing by 0.5% after a 0.2% advance in July. Both the goods and service producing sectors contributed to this strength. Stronger domestic demand, a build-up of manufacturing inventories, and the end of extended planned shutdowns were behind this growth.

Business Conditions Survey: Manufacturing Industries
Building on the momentum of the last nine months, manufacturers' outlook for the fourth quarter of 2004 remained optimistic. Manufacturers anticipated further improvements for production and employment in the coming quarter, while they were very satisfied with the current level of orders received.

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