U.S. productivity outpaces world

by Wally Northway

Published: October 27,2009

Tags: labor productivity, manufacturing

Manufacturing labor productivity decreased in 2008 in 12 of the 17 economies compared by the Bureau of Labor Statistics.

The Republic of Korea and the United States had the largest productivity increases (1.2 percent each) among the five economies where productivity increased. Singapore had the steepest productivity decline (-6.6 percent).

For all economies, labor productivity in manufacturing increased less or declined more in 2008 than the average annual changes over the 2000-2008 period, when almost all of the economies studied experienced productivity increases.

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