Brussels, 07/01/2013 (Agence Europe)- Austerity policy seems to be bearing fruit in some member states, at least when it comes to lowering labour costs. In its “Early Estimates of Quarterly Unit Labour Costs”, published on 20 December, the Organisation for Economic Cooperation and Development (OECD) says that, although in the eurozone the average unitary labour cost (ULC) (i.e. the ratio between total labour costs and production volume) has risen slightly (by 0.1%), it has fallen in some...