Sentences with phrase «unit labour costs»

The international comparisons shown here suggest, however, that growth in unit labour costs in Australia has still been on the high side over the past couple of years, given the rate of unemployment.

The profits recovery has been driven by continued strong productivity growth in conjunction with subdued compensation growth (due to the weak labour market), which has seen unit labour costs fall by 5 per cent since June 2001 — the largest fall on record (Graph A4).

Hence, nominal unit labour costs in Australia increased by around 25 per cent relative to our trading partners over this same period, contributing noticeably to the decline in competiveness (outside of the resources sector, which benefited from much higher commodity prices).

Long - term interest rates are currently low due to low global inflation expectations and moderate growth potential in Canada due to lower oil prices, a heavily indebted household sector and a weakened manufacturing base due to relatively high unit labour costs.

However, productivity growth surged causing unit labour costs to plummet (before also flatenning out).

The average growth of nominal unit labour costs over the inflation targeting period is around 2 1/2 per cent, which is consistent with the CPI inflation target in the absence of trend changes in firms» profit margins or the exchange rate.

The link between labour costs and competitiveness can be illustrated by a measure of the real exchange rate based on unit labour costs (the real trade weighted index (TWI) in Graph 15).

USD: Unemployment Claims, Revised Non-Farm Productivity q / q, Revised Unit Labour Cost q / q, FOMC Member Williams Speaks and Factory Orders.

Unit labour costs in Spain are unsurprisingly well above those of other Eurozone members.

Strong productivity growth, combined with moderating wage growth and ample spare capacity in the economy, led to unit labour costs falling by 1.7 per cent over the year to the December quarter.

[4] Non-tradable inflation was elevated during the boom years and growth in nominal unit labour costs was relatively strong for most of this period.

Employment growth has been firm, yet both wages and unit labour costs have risen only slowly, supporting the view that the amount of excess capacity could be greater than the midpoint of the range of estimates.

Unit labour costs in the manufacturing sector, for one, have remained roughly level for over a decade, as gains in productivity (output per hour) outpaced wage increases.

Unit labour costs have been rising quickly as the economy moves up the value chain.

Without getting into the detail, one of the measures is very consistent with the slack that we still think exists today in the labour market and that shows up in very modest gains in wages and unit labour costs.

Job growth has certainly been firm, but both wages and unit labour costs have been growing only slowly.

Low overall inflation has, to a large extent, been a result of relatively subdued growth in unit labour costs.

Similarly, unit labour costs (based on compensation per hour worked) picked up a little in the December quarter, rising by 1.4 per cent to be 2.3 per cent higher than a year ago.

Productivity, however, continues to post solid gains, increasing by 5.2 per cent over the year to the June quarter, and will help to contain growth in unit labour costs.

Strong growth in productivity may continue to restrain growth in unit labour costs to a greater extent than expected, though productivity growth in the past year has been below that in the preceding few years.

Meanwhile, our unit labour costs are relatively high, and Canada's manufacturing capacity is stretched because so many plants and jobs disappeared during the era of the soaring loonie.

Overall, unit labour costs are expected to increase at an average rate of between 2 1/2 and 3 per cent over the next couple of years.

Unit labour costs (based on compensation per hour worked) increased by 0.9 per cent in the March quarter, to be 2.4 per cent higher over the year.

Overall, inflation remains low, owing to falling unit labour costs and subdued upstream price pressures.

Unit labour costs (based on compensation per hour worked) grew by 1.3 per cent in the June quarter to be 2.8 per cent higher over the year, which is around the average growth rate of the past few years.

which showed that unit labour costs in the U.K. increased by 3.5 % in Q1 2017, which is much better than the original estimate of +2.1 % and is the strongest reading in four years to boot.

Aside from news over the weekend and the confirmed rumor that the ONS will upgrade the U.K.'s unit labour costs, the pound also got a lift when the BBC released

And as it turns out, to ONS did release a revised labour productivity report which showed that unit labour costs in the U.K. increased by 3.5 % in Q1 2017, which is much better than the original estimate of +2.1 % and is the strongest reading in four years to boot.

Aside from news over the weekend and the confirmed rumor that the ONS will upgrade the U.K.'s unit labour costs, the pound also got a lift when the BBC released snippets of U.K. Prime Minister Theresa May's speech about Brexit since those snippets revealed a somewhat conciliatory tone that likely helped to ease Brexit - jitters a bit