Measured by unit labour costs, Spain has done more than most to regain competitiveness .

由单位劳工成本作为衡量，为重获竞争力，西班牙比其他国家做的都要多。

Unit labour costs, which measure the relationship between what workers are paid and the value of what they produce, are rising far faster than their long-run average in many countries.

在许多国家，单位劳动力成本的增长速度远远高于长期平均水平，单位劳动力成本衡量的是工人的收入与其生产价值之间的关系。

The Economist has calculated an alternative “real” exchange rate, weighted by trade with America, the euro area and Japan, which takes account of unit labour costs in all four economies.

《经济学人》杂志通过与美国，欧元区以及日本的贸易的加权，并把四个经济地区的单位劳动力成本考虑在内，计算出可供参考的中国“实际”汇率。

The supers have not pushed up the savings rate, but nor have they increased unit labour costs. Instead, they have created a pool of capital in Australia that might not otherwise have existed.

此养老基金项目没有推高储蓄利率，也没有增加单位劳动成本。