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Correct: Canada Revises Second Quarter Labor Cost Rise to 0.6%

Canadian unit labor costs rose at a 0.6 percent pace in the second quarter, slower than the 0.7 percent rise initially reported, Statistics Canada said today.

Labor productivity declined by 0.6 percent in the April-June period, faster than the 0.4 percent drop initially reported, the Ottawa-based agency said.

Statistics Canada published revised data today as part of larger changes to its system of classifying the national accounts. The revisions show productivity growth averaged 0.1 percent less in the 1981 to 2011 period than originally reported.

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