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Development of real Unit Labor Costs Australia 2007-2017

Development of the real Unit Labor Cost index in Australia from 2007 to 2017

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Release date

July 2017

Region

Australia

Survey time period

2007 to 2017

Special properties

as of March each year

Supplementary notes

Note: A real Unit Labor Cost (ULC) measures the average cost of labor per unit of output adjusted for general inflation. A ULC is calculated as the ratio of labor costs per hours worked by employees divided by volume gross value added per total hours worked.

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