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Unit labour cost growth for the total economy remained largely steady for most OECD countries in the first quarter of 2009 as sharp falls in real output (gross domestic product at constant prices) due to the economic crisis were mostly offset by lower total labour costs.
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The unemployment rate for the OECD area was 8.3% in May 2009, 0.3 percentage point higher than the previous month and 2.4 percentage points higher than a year earlier.
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The unemployment rate for the OECD area was 7.8% in April 2009, 0.1 percentage point higher than the previous month and 2.2 percentage points higher than a year earlier.
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Discussions about the current crisis often present events in a sequence, such as that the US sub-prime crisis in August 2007 triggered a major inter-bank credit crisis, which transformed itself into a general credit crisis, the latter having an impact on the real economy and overall business and consumer confidence. However, some commentators have made reference to other explanations, more linked to the evolution of economic
The unemployment rate for the OECD area was 7.3% in February 2009, 0.3 percentage point higher than the previous month and 1.7 percentage points higher than a year earlier.
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The unemployment rate for the OECD area was 6.9% in January 2009, 0.1 percentage point higher than the previous month and 1.3 percentage points higher than a year earlier.
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The unemployment rate for the OECD area was 6.8% in December 2008, 0.2 percentage point higher than the previous month and 1.1 percentage points higher than a year earlier.
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The unemployment rate for the OECD area was 6.5% in November 2008, 0.1 percentage point higher than the previous month and 0.8 percentage point higher than a year earlier.
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18-September-2008
English, , 999kb
This paper covers two important topics resulting from the recent release of the OECD System of Unit Labour Cost and Related Indicators database. The first section of the paper explores differences between productivity measures produced in the Statistics Directorate. The OECD System of Unit Labour Cost and Related Indicators database was developed in response to concerns from the international community of economic analysts on the
Statistics Working Paper N. 26 - 2008/4 - This paper outlines in detail the methodology and statistical processes used for compiling the outputs of the OECD System of Unit Labour Cost and Related Indicators. This new System has been developed by the OECD in response to concerns from the international community of economic analysts on the limited availability of internationally comparable data concerning labour costs, particularly in
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