Unit Labour Cost
Unit Labour Cost
This indicator displays the production costs of a one reference unit of a product. It is a rather important index demonstrating the state of economic efficiency. It has a considerable influence on the market as a factor. The unit labor cost is a very effective inflation indicator when used in conjunction with the growth of wages. Often this indicator is analyzed together with the Productivity Index. An increase in this indicator together with productivity growth usually leads to the rise of base rates of interest in a country and that in turn causes the exchange rate of the national currency to increase. The index is released quarterly, in the first decade of a publish-month at 08:30 EST (New York), in other words simultaneously with the Productivity Index.
