Unit Labour Costs fall in Ireland in 3 consecutive years

Slí Eile: Data released by the OECD shows that Unit Labour Costs (ULC) in Ireland fell in each year 2006, 2007 and 2008 while it grew in nearly all other OECD countries. Check the data here.

Changes in productivity when combined with unit labour costs provides a guide to trends in competitiveness. Also, of note are comparisons in the level of compensation per employee here ($US @ PPP per annum) where Ireland is placed about half-ways in a comparison of OECD country. Other comparisons show relatively little change in ULC in manufacturing since 1998 in Ireland here. Damn statistics!