Unit labor costs in manufacturing decline the most in Germany, Denmark in 2000
May 03, 2002
Unit labor costs fell by 15.8 percent in dollar terms in German manufacturing in 2000. The next steepest decline was also in Europe—manufacturing unit labor costs in Denmark declined by 15.1 percent.
Of the 14 countries in the analysis, all except three experienced drops in manufacturing unit labor costs, expressed in U.S. dollars, in 2000. Unit labor costs rose by 1.0 percent in Korea, by 1.4 percent in the United States, and by 2.2 percent in Canada.
In these comparisons, unit labor costs are measured on a U.S. dollar basis and are strongly affected by changes in exchange rates. Movements in the currency markets in 2000 had a noticeable impact on comparative unit labor costs expressed in U.S. dollars. The European countries showed sharp decreases in unit labor costs expressed in U.S. dollars that were due largely to the relative strength of the dollar against European currencies in 2000.
These data are a product of the BLS Foreign Labor Statistics program. Data are subject to revision. Additional information is available in "International Comparisons of Labor Productivity and Unit Labor Costs in Manufacturing, 2000," BLS Report 962. Unit labor costs—the cost of the labor input required to produce one unit of output—are computed by dividing labor costs in nominal terms by real output. Unit labor costs also can be expressed as the ratio of hourly compensation to labor productivity.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Unit labor costs in manufacturing decline the most in Germany, Denmark in 2000 on the Internet at http://www.bls.gov/opub/ted/2002/apr/wk5/art05.htm (visited October 21, 2016).
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.