AA
A
A

Trends in Singapore's Unit Labour Cost During Recessions

Trends in Singapore's Unit Labour Cost During Recessions

TRENDS IN SINGAPORE’S UNIT LABOUR COST DURING RECESSIONS

This box presents recent trends in unit labour cost1 (ULC) for the overall economy and the manufacturing sector, and compares them with the trends during past recessions. It also examines the drivers of ULC growth over the period 1992-2008 by decomposing it into the contribution of (the inverse of) productivity growth and increases in labour cost per worker.

Click here for the full article.
add HOME ABOUT US TRADE INDUSTRIES PARTNERSHIPS NEWSROOM RESOURCES CAREERS
Contact Us Feedback