Please note that the search function in MTI corporate website will not be available from 6pm-10pm on 30 Apr 2019. We apologise for any inconvenience caused.
X
AA
A
A

A Decomposition Analysis of Singapore’s Unit Labour Cost

A Decomposition Analysis of Singapore’s Unit Labour Cost

​A Decomposition Analysis of Singapore’s Unit Labour Cost

This article examines the drivers of recent trends in Unit Labour Cost (ULC) for the overall economy and the manufacturing sector. In particular, the changes in ULC are decomposed into the contributions of changes in labour productivity and Total Labour Cost (TLC) per worker. Changes in TLC per worker are in turn further decomposed into the contributions of different labour cost components.

ULC is defined as the TLC per unit of gross real valued-added (VA), and is commonly seen as a measure of cost competitiveness. In Singapore, the ULC is collected at the economy-wide level and also for the manufacturing sector.

Please click here for the full article.

add HOME ABOUT US IMPROVING TRADE TRANSFORMING INDUSTRIES NEWSROOM RESOURCES LEGISLATION CAREERS
Contact Us Sitemap Feedback FAQs