According to the Austrian statistics office (Statistik Austria), labour cost in Austria increased faster than expected in the first trimester of 2007, in a context of important unemployment decrease and an outburst of temporary work. (Ref. 070562)
For the first trimester of 2007, the Austrian labour index (Arbeitskostenindex – AKI – social charges and wages per hour), which Statistik Austria presented last week, improved of 2.3% when compared to the same period in 2006. In the first trimester of 2006, the AKI had only progressed of 1.5%. When compared to the situation in other EU countries, this progression remains measured but marks a resurgence, whereas the part of Austrian wages in the country’s GDP kept receding in the past few years
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