31.   The report said also there was no increase in unit labor costs, which represent about two thirds of the cost of a product.

32.   The rise in productivity helped moderate unit labor costs, a gauge of inflation.

33.   The rise in productivity in the fourth quarter helped to moderate unit labor costs, a gauge of inflation.

34.   Investors were waiting for the publication of data for retail sales and unemployment in June, and average earnings and unit wage costs in May.

35.   The broader context covers such factors as integration of markets, the balance of payments, and unit labour costs.