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Unit labour cost growth slows for most major OECD economies in the third quarter of 2007
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31/01/2008 - 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...etc.
The next publication date of the OECD System of quarterly unit labour cost indexes will be on 5 May 2008.
Contacts
For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org; others should contact the Statistics Directorate on stat.contact@oecd.org.
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