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Sat 02 Feb 2010Labour costs still on rise in Ireland
LABOUR COSTS in Ireland rose at a faster rate than the OECD and euro-zone averages in the third quarter of 2009, raising questions about whether Ireland is tackling its high labour cost base.
The OECD’s Quarterly Unit Labour Costs report shows the unit cost of labour in Ireland rose by 0.4 per cent from June to September 2009 compared with the OECD average of 0.3 per cent and a euro-zone average of 0.1 per cent. The quarterly increase follows two quarters of zero growth in Irish labour costs.
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