Friday, December 2, 2016 - 08:44 StatCan Text:Canada 3Q Labor Productivity +1.2% vs 2Q -0.2% 0
OTTAWA (MNI) - Following is the text of a report published Friday by Statistics Canada about labor productivity, hourly compensation and unit labor costs in the third quarter 2016:
Labour productivity rises following a decline in the second quarter
Labour productivity of Canadian businesses rose 1.2% in the third quarter, after declining 0.2% in the second quarter.
Although this was the highest rate of growth since the second quarter of 2014 (+1.9%), the increase in productivity reflects a rebound in business output following a decline in the second quarter. Hours worked continued to decrease, but at a slower pace than in the previous quarter.
Friday, December 2, 2016 - 08:41 Analysis: Canada Nov Employment +10.7K, Details Not As Strong 0
By Yali N'Diaye
Ottawa (MNI) - The Canadian economy added jobs for the fourth consecutive month in November, when employment rose 10,700, Statistics Canada reported Friday.
A 38,100 decline in unemployment helped bring down the unemployment rate by 0.2 percentage point to 6.8%.
The participation rate declined to 65.6% from 65.8%.
The two headline figures topped analysts' expectations in a MNI survey, which had centered on a 10,000 decline in employment with the unemployment rate remaining at 7.0%.
However, details were not as strong as the headline figures suggested, comforting the Bank of Canada's view that despite the labor market resilience, there is still more economic slack than...
Friday, December 2, 2016 - 08:31 ANALYSIS: US November Jobs +178k, Unemp 4.6%; Earnings -0.1% 0
--Unemployment Rate at 9-Year Low
--Net Jobs Revisions -2k
--Labor Force Participation Rate Down a Tenth to 62.7%
WASHINGTON (MNI) - The U.S. unemployment rate fell to a nine-year low of 4.6% in November as the economy added 178,000 jobs, likely good enough to satisfy the Federal Reserve as it prepares for an interest-rate hike this month. But an unexpected decline in average hourly earnings and the workforce participation rate cast a shadow over the report from the Bureau of Labor Statistics Friday.
The unemployment rate matched a low recorded in August 2007 and is the lowest since...
Friday, December 2, 2016 - 04:50 UK Construction Sector Expands A Little Faster In November 0
By David Robinson
LONDON (MNI) - The Markit/CIPS UK Construction Purchasing Managers Index rose to 52.8 in November from 52.6 in October, the third consecutive monthly expansion.
Respondents said that economic uncertainty was pushing down on growth but order books rose. With property prices elevated and mortgage rates at record lows the construction sector reported that housebuilding was the strongest growing sector while civil engineering was the worst performing one, suggesting infrastructure spending has yet to take off.
Employment in the sector increased again in November but input costs rose, hitting their highest level for five and a half years.
Thursday, December 1, 2016 - 10:00 ANALYSIS:US October Construction Spending +0.5%; New Homes Up 0
--Private Construction Falls 0.2% On Nonresidential, Public Up Sharply
--Upward Revisions To August,September Construction Positives For 3Q GDP
WASHINGTON (MNI) - Construction spending rose 0.5% in October, slightly behind the 0.6% gain expected due to a sharp drop in private nonresidential construction, data released by the Commerce Department Thursday morning showed.
September construction was revised up to a flat reading from the previously reported 0.4% decline, while August spending was revised up sharply to a 0.5% gain from the 0.5% decline previously reported.
The data suggest that third quarter...
Thursday, December 1, 2016 - 08:30 ANALYSIS: US Jobless Claims Up 17,000 To 268,000 In Nov 26 Wk 0
--4-Week Moving Average Ticks Up By 500 To 251,500
WASHINGTON (MNI) - Initial claims for U.S. state unemployment benefits rose by 17,000 to a level of 268,000 in the Nov. 26 holiday week, data released by the Labor Department Thursday showed.
This followed an 18,000 gain in the previous week. Seasonal adjustment is difficult around holiday weeks, as evidenced by the sharp declines in the week before and including Veteran's Day earlier in the month. As a result, the four-week moving average is a better tool to use when there is large volatility in the headline reading.
Seasonal adjustment factors had expected a decrease of 18.5%, or 53,...