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OECD Unit Labour Costs up 0.5% in the first quarter of 2015

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

ULC, 300, ENG, 06/2015

23/06/2015 - Unit labour costs (ULCs) in the OECD area rose by 0.5% in the first quarter of 2015, the same rate as in the previous quarter. Increased compensation costs (up 0.4%) continued to drive ULC growth, albeit at a slower pace than in the last quarter of 2014 (0.6%). Labour productivity growth remained weak turning marginally negative (minus 0.1%) for the first time since the first quarter of 2014.

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