Long abstract
OECD System of quarterly unit labour cost indexes - Updated: October 2007
Unit labour costs (ULC) in industry are on the rise in most major OECD economies. Second quarter 2007 data show moderate increases of 0.3% in the United States, the United Kingdom and France, 0.2% in Canada and a larger 0.9% rise in Italy. In Germany they were unchanged following falls over the last few years. By contrast, ULC in industry continue to decline in Japan, where they fell 0.3% in the second quarter of 2007 and were also down by 2.7% over the year. |
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