James Ketcheson - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T13:49:58+00:00Assessing Global Potential Output Growth: April 2018
https://www.bankofcanada.ca/2018/04/staff-analytical-note-2018-9/
This note presents our estimates of potential output growth for the global economy through 2020. Overall, we expect global potential output growth to remain broadly stable over the projection horizon, averaging 3.3 per cent, although there is considerable uncertainty surrounding these estimates.2018-04-15T10:00:01+00:00enAssessing Global Potential Output Growth: April 20182018-04-15Labour Force Participation: A Comparison of the United States and Canada
https://www.bankofcanada.ca/2017/07/staff-analytical-note-2017-9/
This note explores the drivers behind the recent increase in the US participation rate in the labour market and assesses the likelihood of a similar gain in Canada. The growth in the US participation rate has largely been due to a pickup in the participation of prime-age workers following a post-recession decline.2017-07-10T12:02:06+00:00enLabour Force Participation: A Comparison of the United States and Canada2017-07-10Wage Growth in Canada and the United States: Factors Behind Recent Weakness
https://www.bankofcanada.ca/2017/07/staff-analytical-note-2017-8/
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).2017-07-10T11:56:06+00:00enWage Growth in Canada and the United States: Factors Behind Recent Weakness2017-07-10A Canada-US Comparison of Labour Market Conditions
https://www.bankofcanada.ca/2017/04/staff-analytical-note-2017-4/
In this note, we provide a brief comparison of the recent developments in the labour markets in Canada and the United States. Our analysis indicates that slack remains in the Canadian labour market, while the US labour market is close to full employment.2017-04-12T10:01:21+00:00enA Canada-US Comparison of Labour Market Conditions2017-04-12The US Labour Market: How Much Slack Remains?
https://www.bankofcanada.ca/2016/07/staff-analytical-note-2016-9/
Despite the US unemployment rate being close to estimates of the non-accelerating-inflation rate of unemployment (NAIRU), measures of underemployment remain elevated, which could be an indication of remaining labour market slack. The shares of involuntary part-time workers and long-term unemployment are high relative to the current stage of the business cycle, suggesting available labour inputs are being underutilized.2016-07-19T10:12:07+00:00enThe US Labour Market: How Much Slack Remains?2016-07-19