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OECD Unit Labour Costs rise by 0.5% in the fourth quarter of 2014

Annual ULC growth picking up in most OECD countries
Year-on-year percentage change 

19/03/2015 - Unit labour costs (ULCs) in the OECD area rose by 0.5% in the fourth quarter of 2014, compared with 0.3% in the previous quarter, driven by a pick-up in compensation costs and slowing productivity growth. This OECD total however masks diverging patterns across economies, with ULC growth slowing in nearly half of the OECD countries.

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