00000nam 2200000za 4500 9.847827 CaOODSP 20250821075103 cr ||||||||||| 171127s2017 oncd #ob f000 0 eng d CaOODSP eng eng fre n-cn--- n-us--- FB3-7/2017-8E-PDF Wage growth in Canada and the United States [electronic resource] : factors behind recent weakness / by Dany Brouillette ... [et al.]. Ottawa : Bank of Canada, c2017. ii, 16 p. : graphs Staff analytical note = Note analytique du personnel, 2369-9639 ; 2017-8 Title from cover. Includes bibliographical references. "This note examines the relatively subdued pace of wage growth in Canada since the commodity price decline in 2014 and assesses whether the weakness is attributable to cyclical (e.g., labour market slack) or structural factors (e.g., resource reallocation and demographic change). Our analysis indicates that ongoing labour market slack and, to a lesser extent, weak labour productivity growth appear to be key factors weighing on wage growth since 2014 in Canada. The decline in commodity prices may also be a key factor that contributed to subdued Canadian wage growth. A comparative analysis of US wage growth is also conducted. In the United States, weak labour productivity growth is a key macro factor weighing on wage growth, but labour market slack is no longer a material drag."--Abstract, p. ii. Text in English, abstract in English and French. gccst Economic indicators gccst Salaries gccst Labour market Brouillette, Dany, 1978- Bank of Canada. Staff analytical note (Bank of Canada) 2369-9639 ; 2017-8. (CaOODSP)9.807323 PDF 427 KB https://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-7-2017-8-eng.pdf