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 December 08, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.