Not exact matches
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.
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.
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.
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.
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.
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
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