Sweden, Korea had largest factory productivity gains last year
September 11, 2003
Of 13 economies, Korea and Sweden recorded the highest manufacturing productivity gains in 2002. The Netherlands and the United Kingdom recorded the smallest gains. Italy posted the only decline.
The United States posted its highest annual growth rate in manufacturing output per hour in 15 years. The U.S. increase, at 6.4 percent, was the fourth largest among the 13 economies.
In 6 of the 13 economies, productivity increases in 2002 were close to or somewhat higher than the average growth rates of the second half of the 1990’s, after slowing down in 2001. The U.S. productivity growth rate was nearly two percentage points higher in 2002 than it had been in the late 1990s.
These data are from the Foreign Labor Statistics program, which provides international comparisons of hourly compensation costs; productivity and unit labor costs; labor force, employment and unemployment rates; and consumer prices. Data are subject to revision. For more information, see news release, "International Comparisons of Manufacturing Productivity and Unit Labor Cost Trends, 2002" (PDF) (TXT), USDL 03-469.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Sweden, Korea had largest factory productivity gains last year on the Internet at http://www.bls.gov/opub/ted/2003/sept/wk2/art04.htm (visited October 02, 2014).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.