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Unit labour costs (ULCs) in the OECD area fell 0.3% in the third quarter of 2011, according to early estimates.
The OECD area unemployment rate rose slightly, to 8.3% in October 2011, compared to 8.2% in September. The rate has hovered around this level since January 2011.
Composite leading indicators point to a slowdown in economic activity in all major economies, but with some variation in the strength of the slowdown across countries.
The gap between rich and poor in OECD countries has reached its highest level for over over 30 years, and governments must act quickly to tackle inequality, according to a new OECD report.
Total imports of G7 and BRICS countries contracted by 1% in the third quarter, compared to 4.2% growth in the previous quarter.