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U.N. report shows American workers most productive
Associated Press
Published September 3, 2007
fGENEVA - American workers stay longer in the office, at the factory or on the farm than their counterparts in Europe and most other rich nations, and they produce more per person over the year. They also get more done per hour than everyone but the Norwegians, according to a U.N. report released today, which said the United States "leads the world in labor productivity." The average U.S. worker produces $63,885 of wealth per year, more than their counterparts in all other countries, the International Labor Organization said in its report. Ireland comes in second at $55,986, followed by Luxembourg at $55,641, Belgium at $55,235 and France at $54,609. The productivity figure is found by dividing the country's gross domestic product by the number of people employed. The U.N. report is based on 2006 figures for many countries, or the most recent available. Only part of the U.S. productivity growth, which has outpaced that of many other developed economies, can be explained by the longer hours Americans are putting in, the labor organization said. The United States, according to the report, also beats all 27 nations in the European Union, Japan and Switzerland in the amount of wealth created per hour of work - a second key measure of productivity. Norway, which is not an EU member, generates the most output per working hour, $37.99, a figure inflated by the country's billions of dollars in oil exports and high prices for goods at home. The United States is second at $35.63, about a half dollar ahead of third-place France. Seven years ago, French workers produced over a dollar more on average than their American counterparts. The country led the United States in hourly productivity from 1994 to 2003. The U.S. employee put in an average 1,804 hours of work in 2006, the report said. That compared with 1,407.1 hours for the Norwegian worker and 1,564.4 for the French. It pales, however, in comparison with the annual hours worked per person in Asia, where seven economies - South Korea, Bangladesh, Sri Lanka, Hong Kong, China, Malaysia and Thailand - surpassed 2,200 average hours per worker. But those countries had lower productivity rates. Fast facts By the numbers $63,885 value produced by the average American worker per year $35.63 value produced by the average American worker per hour 1,804 hours of work put in by the average American worker in 2006
[Last modified September 3, 2007, 01:43:52]
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