US productivity gap with rest of world widens UN report

In Key Indicators of the Labour Market (KILM), the International Labour Organization (ILO) notes that part of the difference in output per worker was due to the fact that Americans worked longer hours than their European counterparts.Workers in the United States put in an average of 1,815 hours in 2002 compared to major European economies, where hours worked ranged from around 1,300 to 1,800. In Japan, hours worked dropped to about the same level as in the United States, it adds. The KILM findings show that growth in productivity per person worldwide accelerated from 1.5 per cent during the first half of the 1990s to 1.9 per cent in the second half. Most of this growth was concentrated in industrialized economies (the United States and some European Union countries), and some in Asia (China, India, Pakistan and Thailand). In Africa and Latin American economies, available data showed declines in total economy productivity growth since 1980. European and other industrialized countries, while achieving slightly lower productivity growth rates on average than the United States, have improved their “employment-to-population ratios,” which measure the proportion of people in the population who are working. While unemployment rates in the EU as a whole remained above those in the United States, many European countries were able to maintain or improve their ability to create jobs, while achieving moderate growth in productivity. The EU increased the employment-to-population ratio from 56.1 to 56.7 per cent between 1999 and 2002 while reducing unemployment, the KILM says. Although the employment-to-population ratio in the United States declined by 1.6, from 64.3 to 62.7 per cent, in the same period, overall it remained consistently higher than the EU.KILM examines 20 key indicators of the labour market, including employment, unemployment, underemployment, hours worked, labour productivity, types of economic activity and how youth and women fare in the labour markets. For the first time, the KILM also examines agricultural productivity and notes that this sector remains the primary employer in many developing economies. The new analysis suggests that a rise in productivity and employment may be the only way to reduce poverty. “The overall global trends show that growth is not enough,” ILO Director-General Juan Somavia said. “We must make productivity growth and job creation key objectives and pursue policies that combine these objectives with decent work.” read more

Former Ohio State running back Carlos Hyde picked up by San Francisco

Senior running back Carlos Hyde (34) avoids a tackler during the 2014 Discover Orange Bowl against Clemson Jan. 3 at Sun Life Stadium. OSU lost, 40-35.Credit: Shelby Lum / Photo editorFormer Ohio State running back Carlos Hyde has been selected by the San Francisco 49ers with the 57th overall pick in the second round of the 2014 NFL Draft.Hyde, who became the first 1,000-yard rusher under OSU coach Urban Meyer, was named the Big Ten’s Ameche-Dayne Running Back of the Year in 2013 as well as a third-team Associated Press All-American.Despite missing the first three games of the season due to a suspension, Hyde rushed for 1,521 yards his senior season as well as a team-high 15 touchdowns on the ground. He also broke school records for yards per carry in a season with 7.3 and yards per carry in a single game with a 10.2 clip against Illinois in 2013. His 246 yards rushing against the Fighting Illini ranks third in school history for rushing yards in a single game.As a junior, Hyde had a career-high in rushing touchdowns with 16, to go along with 970 rushing yards in just 10 games and helped lead the way to a perfect 12-0 season.The 49ers were led in rushing during the 2013 season by running back Frank Gore who rushed for 1,128 yards and nine touchdowns. San Francisco also selected former South Carolina running back Marcus Lattimore in the fourth round of the 2013 NFL Draft.San Francisco is scheduled to begin the 2014-15 season against the Dallas Cowboys Sept. 7 at 4:25 p.m. read more