Dataset

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3. Nominal unit labour cost (NULC) per hour worked - quarterly data

Nominal unit labour cost (NULC) per hour worked - quarterly data

<p>The nominal unit labour cost (NULC) index is defined as the ratio of labour cost to labour productivity, where labour cost is the ratio of compensation of employees (current prices) to hours worked by employees, and labour productivity is the ratio of gross domestic product (at market prices in millions, chain-linked volumes reference year 2015) to total hours worked.</p><p>The input data are obtained through official transmissions of national accounts' country data in the ESA 2010 transmission programme. </p><p>The data are expressed as % change on previous year and as index 2015=100.</p><p> </p>