<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 3: Most indicators point to an excess supply of labour</label>
    <description><![CDATA[The heatmap shows the distance of each labour market indicator from the midpoint of its benchmark range. The colour is white when the indicator is close to the midpoint of its benchmark range, a varying shade of red when the labour market is in excess demand and a varying shade of blue when the labour market is in excess supply. To make the indicators more comparable, each indicator is divided by its standard deviation. The standard deviation is calculated using data from April 2015 to 2019 for the Job-vacancies-to-unemployment ratio and 2003 to 2019 for all other indicators. The benchmark ranges are established using the methodology outlined in E. Ens, K. See and C. Luu, “Benchmarks for assessing labour market health: 2023 update,” Bank of Canada Staff Analytical Note No. 2023-07 (May 2023).

Statistics Canada, Bank of Canada and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=246636</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2025M07_LMI_HEATMAP_S1">
<label>Unemployment rate</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M07_LMI_HEATMAP_S2">
<label>Job-vacancies-to-unemployment ratio</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M07_LMI_HEATMAP_S3">
<label>Job separation rate</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M07_LMI_HEATMAP_S4">
<label>Job finding rate</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M07_LMI_HEATMAP_S5">
<label>Employment ratio</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M07_LMI_HEATMAP_S6">
<label>Average hours worked</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2020-01-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">0.3</v><v s="MPR_2025M07_LMI_HEATMAP_S2">0.4</v><v s="MPR_2025M07_LMI_HEATMAP_S3">5.3</v><v s="MPR_2025M07_LMI_HEATMAP_S4">0.7</v><v s="MPR_2025M07_LMI_HEATMAP_S5">1.2</v><v s="MPR_2025M07_LMI_HEATMAP_S6">2.9</v></o>
<o d="2020-04-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">9.3</v><v s="MPR_2025M07_LMI_HEATMAP_S2">4.2</v><v s="MPR_2025M07_LMI_HEATMAP_S3">20.0</v><v s="MPR_2025M07_LMI_HEATMAP_S4">-1.9</v><v s="MPR_2025M07_LMI_HEATMAP_S5">9.4</v><v s="MPR_2025M07_LMI_HEATMAP_S6">8.5</v></o>
<o d="2020-07-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">4.8</v><v s="MPR_2025M07_LMI_HEATMAP_S2">3.2</v><v s="MPR_2025M07_LMI_HEATMAP_S3">2.6</v><v s="MPR_2025M07_LMI_HEATMAP_S4">0.3</v><v s="MPR_2025M07_LMI_HEATMAP_S5">4.5</v><v s="MPR_2025M07_LMI_HEATMAP_S6">2.1</v></o>
<o d="2020-10-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">3.2</v><v s="MPR_2025M07_LMI_HEATMAP_S2">1.8</v><v s="MPR_2025M07_LMI_HEATMAP_S3">3.8</v><v s="MPR_2025M07_LMI_HEATMAP_S4">1.3</v><v s="MPR_2025M07_LMI_HEATMAP_S5">2.8</v><v s="MPR_2025M07_LMI_HEATMAP_S6">1.4</v></o>
<o d="2021-01-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">2.8</v><v s="MPR_2025M07_LMI_HEATMAP_S2">1.5</v><v s="MPR_2025M07_LMI_HEATMAP_S3">2.1</v><v s="MPR_2025M07_LMI_HEATMAP_S4">-1.0</v><v s="MPR_2025M07_LMI_HEATMAP_S5">2.7</v><v s="MPR_2025M07_LMI_HEATMAP_S6">-0.1</v></o>
<o d="2021-04-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">1.8</v><v s="MPR_2025M07_LMI_HEATMAP_S2">0.6</v><v s="MPR_2025M07_LMI_HEATMAP_S3">1.1</v><v s="MPR_2025M07_LMI_HEATMAP_S4">0.8</v><v s="MPR_2025M07_LMI_HEATMAP_S5">2.1</v><v s="MPR_2025M07_LMI_HEATMAP_S6">0.3</v></o>
<o d="2021-07-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">0.4</v><v s="MPR_2025M07_LMI_HEATMAP_S2">-1.4</v><v s="MPR_2025M07_LMI_HEATMAP_S3">0.0</v><v s="MPR_2025M07_LMI_HEATMAP_S4">0.8</v><v s="MPR_2025M07_LMI_HEATMAP_S5">0.3</v><v s="MPR_2025M07_LMI_HEATMAP_S6">0.6</v></o>
<o d="2021-10-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">-0.9</v><v s="MPR_2025M07_LMI_HEATMAP_S2">-2.7</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-0.5</v><v s="MPR_2025M07_LMI_HEATMAP_S4">-1.2</v><v s="MPR_2025M07_LMI_HEATMAP_S5">-1.1</v><v s="MPR_2025M07_LMI_HEATMAP_S6">-0.2</v></o>
<o d="2022-01-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">-1.5</v><v s="MPR_2025M07_LMI_HEATMAP_S2">-3.1</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-0.5</v><v s="MPR_2025M07_LMI_HEATMAP_S4">-1.8</v><v s="MPR_2025M07_LMI_HEATMAP_S5">-1.4</v><v s="MPR_2025M07_LMI_HEATMAP_S6">-0.1</v></o>
<o d="2022-04-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">-2.2</v><v s="MPR_2025M07_LMI_HEATMAP_S2">-4.1</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-1.8</v><v s="MPR_2025M07_LMI_HEATMAP_S4">-0.3</v><v s="MPR_2025M07_LMI_HEATMAP_S5">-2.0</v><v s="MPR_2025M07_LMI_HEATMAP_S6">0.0</v></o>
<o d="2022-07-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">-2.4</v><v s="MPR_2025M07_LMI_HEATMAP_S2">-3.9</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-0.5</v><v s="MPR_2025M07_LMI_HEATMAP_S4">-0.4</v><v s="MPR_2025M07_LMI_HEATMAP_S5">-2.0</v><v s="MPR_2025M07_LMI_HEATMAP_S6">-0.4</v></o>
<o d="2022-10-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">-2.4</v><v s="MPR_2025M07_LMI_HEATMAP_S2">-2.7</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-1.3</v><v s="MPR_2025M07_LMI_HEATMAP_S4">-0.6</v><v s="MPR_2025M07_LMI_HEATMAP_S5">-2.1</v><v s="MPR_2025M07_LMI_HEATMAP_S6">-0.3</v></o>
<o d="2023-01-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">-2.1</v><v s="MPR_2025M07_LMI_HEATMAP_S2">-2.2</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-1.3</v><v s="MPR_2025M07_LMI_HEATMAP_S4">-0.2</v><v s="MPR_2025M07_LMI_HEATMAP_S5">-2.4</v><v s="MPR_2025M07_LMI_HEATMAP_S6">-0.5</v></o>
<o d="2023-04-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">-1.8</v><v s="MPR_2025M07_LMI_HEATMAP_S2">-1.7</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-1.0</v><v s="MPR_2025M07_LMI_HEATMAP_S4">-0.1</v><v s="MPR_2025M07_LMI_HEATMAP_S5">-2.1</v><v s="MPR_2025M07_LMI_HEATMAP_S6">-0.3</v></o>
<o d="2023-07-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">-1.2</v><v s="MPR_2025M07_LMI_HEATMAP_S2">-1.0</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-0.8</v><v s="MPR_2025M07_LMI_HEATMAP_S4">0.5</v><v s="MPR_2025M07_LMI_HEATMAP_S5">-1.5</v><v s="MPR_2025M07_LMI_HEATMAP_S6">-0.3</v></o>
<o d="2023-10-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">-0.9</v><v s="MPR_2025M07_LMI_HEATMAP_S2">-1.0</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-1.1</v><v s="MPR_2025M07_LMI_HEATMAP_S4">1.7</v><v s="MPR_2025M07_LMI_HEATMAP_S5">-1.1</v><v s="MPR_2025M07_LMI_HEATMAP_S6">0.3</v></o>
<o d="2024-01-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">-0.5</v><v s="MPR_2025M07_LMI_HEATMAP_S2">-0.9</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-0.7</v><v s="MPR_2025M07_LMI_HEATMAP_S4">0.6</v><v s="MPR_2025M07_LMI_HEATMAP_S5">-0.6</v><v s="MPR_2025M07_LMI_HEATMAP_S6">0.2</v></o>
<o d="2024-04-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">-0.1</v><v s="MPR_2025M07_LMI_HEATMAP_S2">-0.2</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-1.2</v><v s="MPR_2025M07_LMI_HEATMAP_S4">1.6</v><v s="MPR_2025M07_LMI_HEATMAP_S5">0.0</v><v s="MPR_2025M07_LMI_HEATMAP_S6">0.2</v></o>
<o d="2024-07-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">0.4</v><v s="MPR_2025M07_LMI_HEATMAP_S2">0.5</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-1.2</v><v s="MPR_2025M07_LMI_HEATMAP_S4">1.8</v><v s="MPR_2025M07_LMI_HEATMAP_S5">0.7</v><v s="MPR_2025M07_LMI_HEATMAP_S6">0.0</v></o>
<o d="2024-10-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">0.5</v><v s="MPR_2025M07_LMI_HEATMAP_S2">1.0</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-0.7</v><v s="MPR_2025M07_LMI_HEATMAP_S4">2.4</v><v s="MPR_2025M07_LMI_HEATMAP_S5">0.8</v><v s="MPR_2025M07_LMI_HEATMAP_S6">0.4</v></o>
<o d="2025-01-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">0.4</v><v s="MPR_2025M07_LMI_HEATMAP_S2">1.4</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-2.0</v><v s="MPR_2025M07_LMI_HEATMAP_S4">2.6</v><v s="MPR_2025M07_LMI_HEATMAP_S5">0.7</v><v s="MPR_2025M07_LMI_HEATMAP_S6">0.7</v></o>
<o d="2025-04-01"><v s="MPR_2025M07_LMI_HEATMAP_S1">0.8</v><v s="MPR_2025M07_LMI_HEATMAP_S2">1.6</v><v s="MPR_2025M07_LMI_HEATMAP_S3">-1.5</v><v s="MPR_2025M07_LMI_HEATMAP_S4">2.4</v><v s="MPR_2025M07_LMI_HEATMAP_S5">0.9</v><v s="MPR_2025M07_LMI_HEATMAP_S6">0.4</v></o>
</observations>
</data>