Development of real Unit Labor Costs Australia 2007-2017

Published by Statista Research Department, Apr 3, 2024
This statistic depicts the development of the real Unit Labor Cost index in Australia from 2007 to 2017. As of March 2017, the real Unit Labor Cost index in Australia was approximately 95.1, a decrease from the previous year.

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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