Around the world in eight charts

Team Members: Nelson, Maddy, Bella, Gana, France

Purpose and Objectives

To briefly talk about the article Around the

World in Eight Charts

Introduction

BLS provides information on following measures

for countries in the America, Europe, and Asia and
the Pacific.
employment
unemployment
productivity
compensation costs and
laborrelated

Unemployment rates

The unemployment rate for teenagers is

generally higher than the unemployment
rate for adults, if we talk Worldwide.
Germany is among the lowest teenager
unemployment rates in Europe.

apprenticeship system young persons.

Labor Productivity Growth

Trends in output per hour, or labor

productivity, in manufacturing differ
considerably across countries.

Between 1992 and 2006, average annual gro

wth in manufacturing or productivity is 0.8%
in Italy as compared to 9% in South Korea.

Average annual growth rates in real

GDP per capita

Many countries have experienced slower rates

of economic growth in recent years compared t
o the 19952000 period.
But
between 2000 and 2006, real GDP per person
in Korea grew approximately 4.2 percent
per year, up from 3.5 percent during the
1995 2000 period.

cell phones, flat screen televisions, and

other electronic gadgets

Unemployment rates

Japan has had relatively low

unemployment rates as compared to other
countries in the period 1996-2000.

large numbers of women employed are

temporary workers.
They are less likely to look for another job in case
of loosing a job.
They are not counted among the unemployed.

Compensation costs for production

workers

In 2006, Norwegian factory owners had

among the highest compensation costs in
the world.
Philippines were among the lowest
that same year.

Down under

Average annual growth rates in employment

in the period 1991-2006

Australia is highest with 1.9% growth.

Japan, Germany, and Sweden are at 0.0%.

Hourly compensation costs by industry for

production workers in manufacturing

In 2005, compensation costs in

the motor vehicles industry were among the h
ighest in manufacturing,
Costs
in textiles, apparel, and leather were among t
he lowest.

Share of total employment in

manufacturing and services sectors

In the United States, the share of

employment in services increased
from about 60 percent in 1965
to 79 percent in 2005.
In contrast, the
share of U.S. employment in manufacturing d
ecreased from 27 percent to about 12
percent.
It is also seen in other countries too.