Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Mexico has biggest increase in hourly compensation in 2000

October 03, 2001

Of 29 countries studied by BLS, Mexico had the greatest increase in 2000 in hourly compensation costs, measured in U.S. dollars, for production workers in manufacturing: 17.7 percent.

Percent change in hourly compensation costs in U.S. dollars for production workers in manufacturing, U.S. and selected countries, 2000
[Chart data—TXT]

Korea, with a gain of 15.3 percent, had the next biggest increase in hourly compensation. In the United States, hourly compensation costs in manufacturing were up 3.9 percent.

Hourly compensation costs expressed in U.S. dollars decreased by 11.7 percent in 2000 in both Belgium and Italy—the largest decrease. Compensation costs also decreased in a number of other European countries, including Germany, Switzerland, France, and the United Kingdom.

These data are a product of the BLS Foreign Labor Statistics program. For additional information, see news release USDL 01-311, International Comparisons of Hourly Compensation Costs for Production Workers in Manufacturing, 2000. Note that the statistics for foreign economies presented here reflect fluctuations in exchange rates as well as changes in hourly compensation expressed in each country’s national currency.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mexico has biggest increase in hourly compensation in 2000 at https://www.bls.gov/opub/ted/2001/oct/wk1/art03.htm (visited March 28, 2024).

OF INTEREST
spotlight
Recent editions of Spotlight on Statistics


triangle