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Main Indicator: Labor Costs q/q
Most Recent Release
|
Actual | Forecast | Previous | Revised Form | |
| 0.8% | 0.8% | 0.7% | N/A | ||
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For 2nd Quarter
Labour Cost Index y/y: 3.5%, forecast 3.6%, pr. 3.5%
The Labour Cost Index increased 0.8% in the 2nd quarter, meeting expectations for the 2nd quarter. On an annual basis the LCI remained steady at a 3.5% pace, which is still the fastest pace since the series began in 1992. |
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Table of Past Data
| 11/4 | 2/4 | 5/4 | 8/3 | ||||||||
| Actual | 0.9% | 1.1% | 0.7% | 0.8% | |||||||
| Forecast | 0.8% | 0.9% | 0.7% | 0.8% | |||||||
| Previous | 0.8% | 0.9% | 1.1% | 0.7% | |||||||
| Revised From | N/A | N/A | N/A | N/A | |||||||
Past Releases
|
Actual | Forecast | Previous | Revised Form | |
| 0.7% | 0.7% | 1.1% | N/A | ||
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1st Quarter
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Actual | Forecast | Previous | Revised Form | |
| 1.1% | 0.9% | 0.9% | N/A | ||
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4th Quarter
Labor Costs y/y: 3.4% In the year to the December 2007 quarter salary and wages (including overtime) increased 3.4%. For the quarter, labor costs increased 1.1%. The finance and insurance industries saw a higher growth rate of 6.3%. |
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|
Actual | Forecast | Previous | Revised Form | |
| 0.9% | 0.8% | 0.8% | N/A | ||
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For 3rd Quarter Higher than expected wage inflation is not alarming since there is a shortage of workers. |
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