Extending the labour market indicator to the Canadian provinces
Calculating the labour market indicator (LMI) at the provincial level provides useful insights into Canada's regional economies and reveals differing trends in the state of underlying labour market conditions across provinces. Conclusions based on the Canadian LMI do not necessarily translate t...
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ftzbwkiel:oai:econstor.eu:10419/173355 2024-01-07T09:44:54+01:00 Extending the labour market indicator to the Canadian provinces Fritsche, Alexander Ragan, Katherine 2016 http://hdl.handle.net/10419/173355 https://doi.org/10.34989/sdp-2016-2 eng eng Ottawa: Bank of Canada Series: Bank of Canada Staff Discussion Paper No. 2016-2 gbv-ppn:846203839 doi:10.34989/sdp-2016-2 http://hdl.handle.net/10419/173355 RePEc:bca:bocadp:16-2 http://www.econstor.eu/dspace/Nutzungsbedingungen ddc:330 E2 E24 E27 J2 J21 J23 Labour markets Recent economic and financial developments doc-type:workingPaper 2016 ftzbwkiel https://doi.org/10.34989/sdp-2016-2 2023-12-11T00:41:46Z Calculating the labour market indicator (LMI) at the provincial level provides useful insights into Canada's regional economies and reveals differing trends in the state of underlying labour market conditions across provinces. Conclusions based on the Canadian LMI do not necessarily translate to the provinces. In most cases, the correlations between the provincial LMIs and the underlying labour market variables have the expected sign. Differences among provinces reflect idiosyncratic differences among provincial labour markets. The values of the provincial LMIs are not invariant to the sample period used when constructing them. We find that using a longer sample estimation period improves the properties of some of the provincial LMIs. Recent values for the LMI show that labour markets have deteriorated notably in Alberta, Saskatchewan, and Newfoundland and Labrador. At the same time, the LMIs for British Columbia, Ontario, Quebec and New Brunswick have improved over the course of the past year and the gap between the unemployment rate and the LMI has tended to narrow. Report Newfoundland EconStor (German National Library of Economics, ZBW) Newfoundland |
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EconStor (German National Library of Economics, ZBW) |
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English |
topic |
ddc:330 E2 E24 E27 J2 J21 J23 Labour markets Recent economic and financial developments |
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ddc:330 E2 E24 E27 J2 J21 J23 Labour markets Recent economic and financial developments Fritsche, Alexander Ragan, Katherine Extending the labour market indicator to the Canadian provinces |
topic_facet |
ddc:330 E2 E24 E27 J2 J21 J23 Labour markets Recent economic and financial developments |
description |
Calculating the labour market indicator (LMI) at the provincial level provides useful insights into Canada's regional economies and reveals differing trends in the state of underlying labour market conditions across provinces. Conclusions based on the Canadian LMI do not necessarily translate to the provinces. In most cases, the correlations between the provincial LMIs and the underlying labour market variables have the expected sign. Differences among provinces reflect idiosyncratic differences among provincial labour markets. The values of the provincial LMIs are not invariant to the sample period used when constructing them. We find that using a longer sample estimation period improves the properties of some of the provincial LMIs. Recent values for the LMI show that labour markets have deteriorated notably in Alberta, Saskatchewan, and Newfoundland and Labrador. At the same time, the LMIs for British Columbia, Ontario, Quebec and New Brunswick have improved over the course of the past year and the gap between the unemployment rate and the LMI has tended to narrow. |
format |
Report |
author |
Fritsche, Alexander Ragan, Katherine |
author_facet |
Fritsche, Alexander Ragan, Katherine |
author_sort |
Fritsche, Alexander |
title |
Extending the labour market indicator to the Canadian provinces |
title_short |
Extending the labour market indicator to the Canadian provinces |
title_full |
Extending the labour market indicator to the Canadian provinces |
title_fullStr |
Extending the labour market indicator to the Canadian provinces |
title_full_unstemmed |
Extending the labour market indicator to the Canadian provinces |
title_sort |
extending the labour market indicator to the canadian provinces |
publisher |
Ottawa: Bank of Canada |
publishDate |
2016 |
url |
http://hdl.handle.net/10419/173355 https://doi.org/10.34989/sdp-2016-2 |
geographic |
Newfoundland |
geographic_facet |
Newfoundland |
genre |
Newfoundland |
genre_facet |
Newfoundland |
op_relation |
Series: Bank of Canada Staff Discussion Paper No. 2016-2 gbv-ppn:846203839 doi:10.34989/sdp-2016-2 http://hdl.handle.net/10419/173355 RePEc:bca:bocadp:16-2 |
op_rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
op_doi |
https://doi.org/10.34989/sdp-2016-2 |
_version_ |
1787426335031820288 |