Canada Business Sector Unit Labour Cost

## What this measures

What Canadian businesses pay in labour compensation for each unit of output, as an index with 2017 = 100.

## Why it matters

When pay rises faster than productivity, unit labour costs climb, which pushes up prices or squeezes margins.

## How to read it

Compare its 12-month change with inflation: unit labour costs rising faster than prices mean shrinking margins.

## What it does not say

It covers the business sector only and is revised with the national accounts.

## Source

Statistics Canada, table 36-10-0206-01 (vector v1409159), "Business sector; Unit labour cost". Palanor pulls it from Statistics Canada's Web Data Service every day and rewrites recent periods so revisions carry through.

Source: Statistics Canada. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada. Statistics Canada Open Licence.