EU Sources - OECD updates labour costs overview - June 30, 2016

The OECD published an updated version of its overview of unit labour costs (ULC). ULC growth in the OECD area slowed to 0.5% in the first quarter of 2016 (compared with 0.6% in the previous quarter). In the UK, ULC growth slowed (to 0.2%, compared with 0.4% in the previous quarter) as labour productivity growth picked up marginally to 0.2%. In the Euro area, ULC growth also slowed (to 0.1%, compared with 0.3% in the previous quarter), with labour productivity growth picking up slightly (to 0.2%). ULCs were flat in Germany and increased only marginally in France (0.1%). They fell in Italy (minus 0.1%) and Spain (minus 0.6%). However, ULCs accelerated strongly in Greece (up 2.1%, as productivity fell for the 4th straight quarter and compensation costs rose by 1.7%) and Portugal (up 1.6%, with marginal productivity growth).

English: http://www.oecd.org/std/labour-stats … 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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