Friday, 4 January 2013

Labour Productivity Down

Labour productivity fell by 0.2% in Q3 of 2012 according to an ONS statistical bulletin. Market sector productivity (an experimental series) also fell by 0.6% to its lowest level since 2005. Services output/hour fell by 0.1%. Whole economy labour costs fell by 0.1%. Manufacturing unit wage costs fell by 0.1% and were 6.2% higher than 2011.

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