Unit labour costs and labour productivity (employment based), Total economy
Publication date: 04 October 2018, GMT
Reporting period: 1949 - 2018-Q2
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Unit labour costs and labour productivity (employment based), Total economy - Organisation for Economic Co-operation and Development

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This database includes data on unit labour cost and productivity. Unit labour costs (ULCs) measure the average cost of labour per unit of output, calculated as the ratio of total labour costs to real output. Early estimates of quarterly (EEQ) ULCs cover total economy and are obtained by multiplying compensation of employees with a self-employment ratio.