Weak economic conditions in the past couple of years have seen growth in
labour costs slow to 2 1/2 per cent over the year to the December quarter, from 3 1/2 per cent a year earlier.
Not exact matches
If there's not enough skilled
labour to go around and construction
costs soar, then activity will
slow.
Growth in the all - important US services sector
slowed for a third straight month in April, according to a closely watched survey, as optimism over the state of the American economy is tempered by concerns over
labour shortage and rising input
costs.
In turn,
slower growth in
labour costs is having a beneficial effect on international competitiveness.
The
slowing in wage growth across all industries has meant that firms have experienced relatively
slow growth in their
labour costs.
Core inflation has drifted higher over the past year, as
slowing productivity growth has pushed up growth in unit
labour costs, albeit from a very low level.
The latest NAB business survey shows total
labour costs increasing at close to their fastest pace of the past five years, although still considerably
slower than in the mid 1990s.
Tonight it was three natural at any
cost mothers, along with midwives insisting that epis
slow down
labour and increase the liklihood of instrumental deliveries.
Conservatives are also wary of
Labour's
cost - of - living agenda and privately admit that soaring economic results are having little impact on people's wages, which are still rising
slower than inflation.
Remove that many workers from the
labour pool and you create a
labour shortage, which could prompt businesses to contract and
slow down in order to fend - off the quickly rising
cost of wages.
While surviving the declined
labour productivity in the last two quarters, the first quarter statistics revealed a modest but hopeful increase by 0.3 % for Canadian businesses, with a decrease in
costs by 1.8 %, attributed in some way to the slight, but
slowed growth in hourly compensation.