International comparisons of hourly compensation costs in manufacturing, 2008
September 01, 2010
Compensation costs for all employees in manufacturing measured in U.S. dollars continued to rise in 2008 in most foreign economies—with only two countries, the Republic of Korea and the United Kingdom, showing a decrease in costs.
The strongest growth in hourly compensation costs in U.S. dollars was seen in the Eastern European countries (26.0 percent), Argentina (24.7 percent), Israel (23.5 percent), and Singapore (19.5 percent). The changes in hourly compensation in Canada and Mexico were relatively small (2.0 percent and 3.5 percent, respectively).
In the Republic of Korea, the majority of the 16.2-percent decrease was due to the depreciation of the won (‑15.4 percent). In the United Kingdom, the entire 3.6-percent decrease was due to the depreciation of the pound.
In the United States, hourly compensation costs for all employees in manufacturing rose 2.4 percent from the 2007 level to $32.26 in 2008.
These data are from the International Labor Comparisons program. To learn more, see "International Comparisons of Hourly Compensation Costs in Manufacturing, 2008" (HTML) (PDF), news release USDL 10-1173.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, International comparisons of hourly compensation costs in manufacturing, 2008 on the Internet at http://www.bls.gov/opub/ted/2010/ted_20100901.htm (visited August 24, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.