{"id":48136,"date":"2023-11-20T15:34:32","date_gmt":"2023-11-20T14:34:32","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/improvement-in-unit-labour-cost-position-in-2021\/"},"modified":"2024-04-03T17:28:50","modified_gmt":"2024-04-03T15:28:50","slug":"improvement-in-unit-labour-cost-position-in-2021","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/48136\/","title":{"rendered":"Improvement in Unit Labour Cost Position in 2021"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-48136","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In 2021, there is a significant decrease in unit labour costs in manufacturing of 5.4 percent compared to the previous year. In an international comparison, Austria's unit labour cost position improved in 2021 compared with the weighted average of all trading partners (\u20132.6 percentage points) and compared with EU trading partners (\u20132.7 percentage points). Moreover, the unit labour cost position has also improved significantly compared with Germany, the most important trading partner (\u20132.5 percentage points). Due to the differences between Austria and its main trading partners in the implementation and design of COVID-19 aid, measures (especially short-time work) as well as the details of the statistical recording of these measures in the national accounts, this year's values should still be interpreted with caution, both over time and between individual countries.","onlinedate":"2022-10-31 12:00:00","lang":"English","publication_series":"","publication_date":"20221001","publication_date_year":"","publication_date_full":false,"publication_num_pages":"14","keywords":"[\"Unit labour costs\",\"Price competitiveness\",\"Manufacturing\"]","jelcodes":"[\"F16\",\"F31\",\"J3\",\"L6\"]","related_publications":"[\"a264c4b3-2dc4-4b61-82dc-6ac88edab1ec\"]","pdf":216510,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"WIFO Reports on Austria","publisher":"","invisible":false,"external":false,"embargo_date":"2022-10-31 00:00:00","types":[44424],"research_groups":[3510,3491],"collaboration":"","persons":[4917,4377],"persons_data":"[{\"personId\":4917,\"personName\":\"Benjamin Bittschi\",\"organisationNames\":[]},{\"personId\":4377,\"personName\":\"Birgit Meyer\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Bittschi, B.<\\\/span><span>, &amp; Meyer, B.<\\\/span> (2022). <span>Improvement in Unit Labour Cost Position in 2021<\\\/span>. <span><em>WIFO Reports on Austria<\\\/em><\\\/span>, (15).<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Bittschi B<\\\/span><span>, Meyer B<\\\/span>. <span class=\\\"title\\\"><span>Improvement in Unit Labour Cost Position in 2021<\\\/span><\\\/span>. <span>WIFO Reports on Austria<\\\/span>. 2022 Oct;(15).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{3f8ddffe54434b709a6ca0a425d306d8,<\\\/div><div>  title    = \\\"Improvement in Unit Labour Cost Position in 2021\\\",<\\\/div><div>  abstract = \\\"In 2021, there is a significant decrease in unit labour costs in manufacturing of 5.4 percent compared to the previous year. In an international comparison, Austria's unit labour cost position improved in 2021 compared with the weighted average of all trading partners (\u20132.6 percentage points) and compared with EU trading partners (\u20132.7 percentage points). Moreover, the unit labour cost position has also improved significantly compared with Germany, the most important trading partner (\u20132.5 percentage points). Due to the differences between Austria and its main trading partners in the implementation and design of COVID-19 aid, measures (especially short-time work) as well as the details of the statistical recording of these measures in the national accounts, this year's values should still be interpreted with caution, both over time and between individual countries.\\\",<\\\/div><div>  keywords = \\\"Unit labour costs, Price competitiveness, Manufacturing\\\",<\\\/div><div>  author   = \\\"Benjamin Bittschi and Birgit Meyer\\\",<\\\/div><div>  note     = \\\"Improvement in Unit Labour Cost Position in 2021\\\",<\\\/div><div>  year     = \\\"2022\\\",<\\\/div><div>  month    = oct,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Reports on Austria\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Improvement in Unit Labour Cost Position in 2021<\\\/p><p>AU  - Bittschi, Benjamin<\\\/p><p>AU  - Meyer, Birgit<\\\/p><p>N1  - Improvement in Unit Labour Cost Position in 2021<\\\/p><p>PY  - 2022\\\/10<\\\/p><p>Y1  - 2022\\\/10<\\\/p><p>N2  - In 2021, there is a significant decrease in unit labour costs in manufacturing of 5.4 percent compared to the previous year. In an international comparison, Austria's unit labour cost position improved in 2021 compared with the weighted average of all trading partners (\u20132.6 percentage points) and compared with EU trading partners (\u20132.7 percentage points). Moreover, the unit labour cost position has also improved significantly compared with Germany, the most important trading partner (\u20132.5 percentage points). Due to the differences between Austria and its main trading partners in the implementation and design of COVID-19 aid, measures (especially short-time work) as well as the details of the statistical recording of these measures in the national accounts, this year's values should still be interpreted with caution, both over time and between individual countries.<\\\/p><p>AB  - In 2021, there is a significant decrease in unit labour costs in manufacturing of 5.4 percent compared to the previous year. In an international comparison, Austria's unit labour cost position improved in 2021 compared with the weighted average of all trading partners (\u20132.6 percentage points) and compared with EU trading partners (\u20132.7 percentage points). Moreover, the unit labour cost position has also improved significantly compared with Germany, the most important trading partner (\u20132.5 percentage points). Due to the differences between Austria and its main trading partners in the implementation and design of COVID-19 aid, measures (especially short-time work) as well as the details of the statistical recording of these measures in the national accounts, this year's values should still be interpreted with caution, both over time and between individual countries.<\\\/p><p>KW  - Unit labour costs<\\\/p><p>KW  - Price competitiveness<\\\/p><p>KW  - Manufacturing<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Reports on Austria<\\\/p><p>JF  - WIFO Reports on Austria<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[\"Steininger Doris\",\"Weing\u00e4rtner Stefan\"]","scientific_review":"[\"H\u00f6lzl Werner\"]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Improvement in Unit Labour Cost Position in 2021 - 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