June 3, 2020 / 12:49 PM / a month ago

Canadian labor productivity grows by 3.4% in first quarter

June 3 (Reuters) - Canadian labor productivity grew by 3.4% in the first quarter, as both hours worked and business output fell sharply for the first quarter as result of shutdowns due to the coronavirus, Statistics Canada said on Wednesday. As business output did not decline in the same proportion as hours worked, this led to an unprecedented increase in labor productivity.

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