Long abstract

Publications & Documents

Unit labour costs (ULC) in industry fell for most major OECD economies in the third quarter of 2007. In France, Germany, Japan and the United States they declined more than in the second quarter. Italy is the only G7 economy where ULC grew appreciably in the third quarter of 2007 (0.8%), although there as well they slowed, from the 1.1% increase recorded in the previous quarter.