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Indicators of Labour Market Conditions in Canada

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Author Info
Andrew Sharpe ()
Anne-Marie Shaker
Abstract

There are three main objectives for this report. The first is to ascertain to what degree the unemployment rate is an adequate predictor of labour market conditions in the context of the changing economy. Labour market conditions refer to the state of the labour market and encompass different dimensions. The second is to assess the suitability of other labour market indicators as predictors of labour market conditions. The third is to discuss the feasibility of aggregating relevant labour market indicators into a composite indicator of labour market conditions that might be considered for use in the design of government programs. This report concludes that the unemployment rate is actually a good indicator of labour market conditions, although it is wise to supplement it with additional indicators. The construction of composite indices does not seem to provide much more information on labour market conditions than the unemployment rate does.

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Paper provided by Centre for the Study of Living Standards in its series CSLS Research Reports with number 2007-03.

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Date of creation: Nov 2007
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Handle: RePEc:sls:resrep:0703

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Related research
Keywords: Labour market indicators; unemployment rate; composite indicators.;

Other versions of this item:

Find related papers by JEL classification:
J00 - Labor and Demographic Economics - - General - - - General
J60 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - General
C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. W Craig Riddell, . "Measuring Unemployment and Structural Unemployment," Canadian International Labour Network Working Papers 34, McMaster University. [Downloadable!]
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  2. Osberg, L. & Sharpe, A., 1998. "An Index of Economic Well-being for Canada," Department of Economics at Dalhousie University working papers archive 98-08, Dalhousie, Department of Economics.
  3. Lars Osberg & Andrew Sharpe, 2005. "HOW SHOULD WE MEASURE THE "ECONOMIC" ASPECTS OF WELL-BEING? ," Review of Income and Wealth, Blackwell Publishing, vol. 51(2), pages 311-336, 06. [Downloadable!] (restricted)
  4. Lars Osberg & Andrew Sharpe, 2003. "An Index of Labour Market Well-being for OECD Countries," CSLS Research Reports 2003-05, Centre for the Study of Living Standards, revised Jan 2004. [Downloadable!]
  5. Osberg, L. & Sharpe, A., 1998. "An Index of Economic Well-being for Canada," Department of Economics at Dalhousie University working papers archive 98-08, Dalhousie, Department of Economics.
  6. Osberg, Lars & Sharpe, Andrew, 2002. "An Index of Economic Well-Being for Selected OECD Countries," Review of Income and Wealth, Blackwell Publishing, vol. 48(3), pages 291-316, September. [Downloadable!] (restricted)
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