Tuesday, September 26, 2006
[IWS] BLS: INTERNATIONAL COMPARISONS OF MANUFACTURING PRODUCTIVITY AND UNIT LABOR COST TRENDS, 2005 [26 September 2006]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
INTERNATIONAL COMPARISONS OF MANUFACTURING PRODUCTIVITY AND UNIT LABOR COST TRENDS, 2005 [26 September 2006]
http://www.bls.gov/news.release/prod4.nr0.htm
or
http://www.bls.gov/news.release/pdf/prod4.pdf
[full-text, 16 pages]
Manufacturing labor productivity increased in 14 of the 15
economies covered by the U.S. Department of Labor's Bureau of Labor
Statistics in 2005. Denmark, which experienced no change in
productivity, was the lone exception.
The U.S. increase of 5.1 percent continued a more than decade-long
trend of relatively high productivity growth in manufacturing. Since
1995, only the Republic of Korea and Sweden had greater productivity
growth.
The data presented here differ from those appearing in the BLS
Productivity and Costs news releases. (See technical notes.)
Average annual growth rates for selected measures over various time
periods are in tables A and B.
PRINTED COPY CONTAINS CHART AT THIS POINT: Chart 1. Percent change in
manufacturing output per hour, 2004-2005
Manufacturing unit labor costs, expressed in national currency
units, declined in nine of the economies and increased in six. The
change for the United States was near the middle of the range, at -
0.4 percent.
Expressed in U.S. dollars, unit labor costs declined in six of the
countries and increased in nine. This shift from a decline in unit
labor costs in national currency to an increase in unit labor costs
expressed in U.S. dollars can be accounted for by the relative
appreciation of the currencies of the Republic of Korea, Canada, and
Taiwan. (See chart 2 and table A.)
AND MUCH MORE...including CHARTS and TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
INTERNATIONAL COMPARISONS OF MANUFACTURING PRODUCTIVITY AND UNIT LABOR COST TRENDS, 2005 [26 September 2006]
http://www.bls.gov/news.release/prod4.nr0.htm
or
http://www.bls.gov/news.release/pdf/prod4.pdf
[full-text, 16 pages]
Manufacturing labor productivity increased in 14 of the 15
economies covered by the U.S. Department of Labor's Bureau of Labor
Statistics in 2005. Denmark, which experienced no change in
productivity, was the lone exception.
The U.S. increase of 5.1 percent continued a more than decade-long
trend of relatively high productivity growth in manufacturing. Since
1995, only the Republic of Korea and Sweden had greater productivity
growth.
The data presented here differ from those appearing in the BLS
Productivity and Costs news releases. (See technical notes.)
Average annual growth rates for selected measures over various time
periods are in tables A and B.
PRINTED COPY CONTAINS CHART AT THIS POINT: Chart 1. Percent change in
manufacturing output per hour, 2004-2005
Manufacturing unit labor costs, expressed in national currency
units, declined in nine of the economies and increased in six. The
change for the United States was near the middle of the range, at -
0.4 percent.
Expressed in U.S. dollars, unit labor costs declined in six of the
countries and increased in nine. This shift from a decline in unit
labor costs in national currency to an increase in unit labor costs
expressed in U.S. dollars can be accounted for by the relative
appreciation of the currencies of the Republic of Korea, Canada, and
Taiwan. (See chart 2 and table A.)
AND MUCH MORE...including CHARTS and TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 1:12 PM
