OECD Home › Employment › Labour statistics › System of quarterly unit labour cost indexes, OECD - Updated: December 2011
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.
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Early estimates of quarterly unit labour costs, labour compensation per unit of labour input and labour productivity, selected areas |
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Source: OECD Early Estimates of Quarterly ULC Indicators – Total economy |
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Next publication date: mid March 2012 |
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More information on labour statistics at www.oecd.org/std/labour
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