Korea had largest factory productivity gain in 2003
October 01, 2004
Among the 14 economies compared, Korea registered the largest gain in manufacturing productivity in 2003: 9.0 percent.
The increase in U.S. manufacturing output per hour in 2003 was the second highest (6.8 percent). Manufacturing productivity also increased in all the compared economies, except for Italy.
As in 2002, U.S. productivity growth in manufacturing in 2003 was substantially above its average annual growth rate since 1979. Seven of the other 12 economies for which comparisons are available also had productivity growth in 2003 that exceeded their annual average over the 1979-2003 period.
These data are from the Foreign Labor Statistics program. Data are subject to revision. For more information, see news release, "International Comparisons of Manufacturing Productivity and Unit Labor Cost Trends, 2003" (PDF) (TXT), USDL 04-1945.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Korea had largest factory productivity gain in 2003 on the Internet at http://www.bls.gov/opub/ted/2004/sept/wk4/art05.htm (visited April 18, 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.