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ACTU Economic news: July 2013
THE ACTU Economic Bulletin for July 2013 reports that labour productivity picked up in the last year or two, with 2012 the strongest growth rate in a decade.
This month, the ACU’s publication focuses on competitiveness.
The report found that the increased cost of goods and services for foreign buyers was almost entirely due to the appreciation in the nominal exchange rate and not excessive wages growth.
The July bulletin also showed that labour income hasn’t kept up with productivity growth. This means labour’s share of income has fallen by about 9% since 2000.
You can read the full report here.