Korea and Sweden record largest manufacturing productivity increases in 2004
February 22, 2006
Manufacturing labor productivity increased in 13 of 15 economies in 2004. Korea and Sweden had the largest productivity increases (12.1 and 9.8 percent respectively).
Japan, the United Kingdom, Netherlands, and the U.S. also showed productivity gains of over 5 percent. The U.S. increase of 5.2 percent was the sixth highest. The U.S. productivity increase is a revision from the preliminary estimate of 4.7 percent released in October 2005.
Australia and Italy were the only two economies showing declines in manufacturing productivity in 2004.
These data are from the BLS Foreign Labor Statistics program. Data are subject to further revision. Additional information is available in "International Comparisons of Manufacturing Productivity and Unit Labor Cost Trends, Revised Data for 2004" (PDF) (TXT), news release USDL 06-268.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Korea and Sweden record largest manufacturing productivity increases in 2004 on the Internet at http://www.bls.gov/opub/ted/2006/feb/wk3/art02.htm (visited April 25, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
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.