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OTTAWA Dec 2 The labor productivity of Canadian
businesses in the third quarter of 2016 jumped by 1.2 percent as
the economy bounced back after the damage caused by a major
wildfire in Alberta in May, Statistics Canada said on Friday.
Economists polled by Reuters had forecast a gain of 1.0
percent from the second quarter. Revised Statscan data showed
second-quarter productivity had dropped by 0.2 percent compared
with the initial 0.3 percent retreat.
Real gross domestic product of businesses rose by 1.0
percent in the third quarter after falling by 0.7 percent in the
second quarter, pushed up by increased activity in the mining,
quarrying and oil and gas extraction sector.
The number of hours worked on production in the business
sector fell by 0.2 percent, a sign the recovery from the fire
damage was not complete, Statscan said.
Overall labor costs per unit of production fell by 0.7
percent as the average pay per hour worked climbed by 0.5
percent and productivity rose by 1.2 percent.
(Reporting by David Ljunggren; Editing by Jeffrey Benkoe)