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System of quarterly unit labour cost indexes, OECD - Updated: December 2011

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Unit labour costs for OECD area fell 0.3% in the third quarter of 2011

 

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21/12/2011 - Unit labour costs (ULCs) in the OECD area fell 0.3% in the third quarter of 2011, according to early estimates. 

ULCs fell in most major economies. In Canada and Germany, they fell by 0.4% and in the United States by 0.3%, mainly driven by improved labour productivity. ULCs fell by 1.7% in Japan, partly due to a technical rebound in GDP growth after the earthquake disaster.

Early estimates of quarterly unit labour costs, labour compensation per unit of labour input and labour productivity, selected areas
(2011Q3, percentage change on the previous quarter, seasonally adjusted, total economy)

Click to access underlying data

Source: OECD Early Estimates of Quarterly ULC Indicators – Total economy

 

 

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