Revised methodology for unit wage costs and unit labour costs: explanation and impact
AbstractA revised methodology for whole economy unit labour costs and unit wage costs has been implemented as part of the Q2 2011 Labour Productivity statistical release, published alongside this article on 6 October 2011. These changes are based on recommendations made in a previous article by Turvey (2009). The revised methodology utilises more consistent and robust wage and labour cost estimates for the self‐employed. This paper explains the changes undertaken and demonstrates the impact of these changes on the data.
Volume (Year): 5 (2011)
Issue (Month): 10 (October)
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