PBO finds that most labour market indicators remain fairly close to their trend levels, except for average hours worked which is below trend. Our analysis suggests that, at the national level, the labour market is currently operating below its sustainable capacity as the demographic transition takes hold.
In response to the 4 February 2016 Standing Committee on Finance motion, this report provides PBO’s economic and fiscal outlook.
Reports published before 2016 have been archived and are available in the Report Archive.