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Labor productivity growth across states

Author

Listed:
  • Paul W. Bauer
  • Yoonsoo Lee

Abstract

Labor productivity growth, a measure of output per unit of work, is closely tied to gains in wages and living standards, and it provides a direct measure of a country?s competitive position over time. The same holds true for states. Since the last business cycle peak in 2000, states boosted their average labor productivity growth to 2.3 percent. In Ohio, this growth came as a result of modest output growth accompanied by sharp employment losses. Although this has been a painful transition for the Fourth District, solid productivity gains have made the remaining firms and workers more competitive and may prepare the way for future growth.

Suggested Citation

  • Paul W. Bauer & Yoonsoo Lee, 2005. "Labor productivity growth across states," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jun.
    • Handle: RePEc:fip:fedcec:y:2005:i:jun
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    Citations

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    Cited by:

    1. Lkhagvasuren, Damba, 2012. "Big locational unemployment differences despite high labor mobility," Journal of Monetary Economics, Elsevier, vol. 59(8), pages 798-814.
    2. Hansen, Jörgen & Lkhagvasuren, Damba, 2015. "New Evidence on Mobility and Wages of the Young and the Old," IZA Discussion Papers 9258, Institute of Labor Economics (IZA).
    3. Damba Lkhagvasuren, 2005. "Big Locational Differences in Unemployment Despite High Labor Mobility," Working Papers 12002, Concordia University, Department of Economics, revised Feb 2012.

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