Friday, May 15, 2009

[IWS] OECD: UNIT LABOR COSTS RISE in 4th Quarter 2008 [15 May 2008]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

OECD

Dataset: UNIT LABOR COST-- Quarterly Indicators
http://stats.oecd.org/WBOS/Index.aspx?DatasetCode=ULC_QUA

Press Release
OECD System of quarterly unit labour cost indexes - Updated: May 2009 [15 May 2009]
http://www.oecd.org/document/46/0,3343,en_2649_33715_42764398_1_1_1_1,00.html
or
http://www.oecd.org/dataoecd/41/22/42764007.pdf
[full-text, 4 pages]

Includes CHART & TABLES....


15/05/2009 - Largely driven by falls in real output (gross domestic product at constant prices) due to the crisis, unit labour costs for the total economy rose 0.9% for the OECD area in the fourth quarter of 2008 and were up 2.9% year on year. The group of the major seven economies and the Euro area display similar aggregate trends. Unit labour costs rose 1.0% in the market services sector for the OECD area in the fourth quarter of 2008 and 2.7% on an annual basis. Among the major seven economies, unit labour cost growth rates in market services only increased in the United States (1.3%) and Japan (0.8%) in the fourth quarter. etc.

AND MORE.....

______________________________
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****************************************
Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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