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 https://www.bls.gov/opub/ted/2010/ted_20100901.htm (visited January 24, 2017).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.