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Unit labour costs on the rise in most major OECD economies in the second quarter of 2007
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25/10/2007 - 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...etc.
The next publication date of the OECD System of quarterly unit labour cost indexes will be on 31 January 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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