Unit labour costs are often viewed as a broad measure of (international) price competitiveness. They are defined as the average cost of labour per unit of output produced. They can be expressed as the ratio of total labour compensation per hour worked to output per hour worked (labour...

This dataset includes quarterly unit labour costs, total labour costs, real output, total employment to employees, labour income share ratio, labour productivity and compensation broken down by sectors. Early estimates are available in http://dx.doi.org/10.1787/data-00607-en.

This publication identifies the requirements for successful reallocation of labor and capital to more efficient uses in response to the emergence of new sources of competition, technological change and shifting consumer preferences. At the same time, it focuses on limiting adjustment costs for...