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
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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The Guardian. (July 25, 2017). Development of the real Unit Labor Cost index in Australia from 2007 to 2017 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/794378/australia-real-unit-labor-cost-development/
The Guardian. "Development of the real Unit Labor Cost index in Australia from 2007 to 2017." Chart. July 25, 2017. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/794378/australia-real-unit-labor-cost-development/
The Guardian. (2017). Development of the real Unit Labor Cost index in Australia from 2007 to 2017. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/794378/australia-real-unit-labor-cost-development/
The Guardian. "Development of The Real Unit Labor Cost Index in Australia from 2007 to 2017." Statista, Statista Inc., 25 Jul 2017, https://www.statista.com/statistics/794378/australia-real-unit-labor-cost-development/
The Guardian, Development of the real Unit Labor Cost index in Australia from 2007 to 2017 Statista, https://www.statista.com/statistics/794378/australia-real-unit-labor-cost-development/ (last visited November 21, 2024)
Development of the real Unit Labor Cost index in Australia from 2007 to 2017 [Graph], The Guardian, July 25, 2017. [Online]. Available: https://www.statista.com/statistics/794378/australia-real-unit-labor-cost-development/
