Unit Labour Costs, Labour Compensation per Unit of Labour Input and Labour Productivity are available in index (raw and seasonally adjusted); growth rates from previous period and on the same period of previous year (seasonally adjusted). Unit labour costs (ULCs) measure the average cost of labour per unit of output. They are calculated as the ratio of total labour costs to real output. OECD`s ULC series are published via the OECD System of Unit Labour Cost and Related Indicators which contains annual and quarterly ULC measures according to a specific methodology to ensure data are comparable across OECD member countries. Two types of ULC series are available at quarterly frequency: benchmarked ULCs and early estimates of quarterly (EEQ) ULCs. Benchmarked ULCs are available for eight economic activities, but EEQ ULCs cover total economy only. To derive EEQ ULCs, total labour cost is obtained by multiplying compensation of employees with a self—employment ratio (i.e. ratio of total employment to employees); constant price GDP by expenditure is used for real output. This formula is identical to ECB’s formula: the ratio of compensation of per employee to labour productivity (constant price GDP expenditure divided by total employment). EEQ ULCs are derived using as many national statistical agencies’ raw and seasonally adjusted data as possible.
For more information see: http://stats.oecd.org/OECDStat_Metadata/ShowMetadata.ashx?Dataset=ULC_EEQ&Lang=en