Hourly compensation of production workers in the U.S. and selected countries, 2005
December 01, 2006
In the United States, hourly compensation costs for production workers in manufacturing increased 3.6 percent in 2005, to $23.65.
Average hourly compensation costs in U.S. dollars for production workers in manufacturing among 32 foreign economies were 80 percent of the U.S. level in 2005, virtually unchanged from 79 percent in 2004. Compensation costs relative to the United States rose or remained unchanged in 21 of the economies covered in 2005. Data for Poland, a relatively low labor cost country, are included for the first time.
When measured in national currency terms, trade-weighted average costs increased 2.9 percent in the combined 32 foreign economies in 2005. This was less than the increase in the United States, but the value of foreign currencies rose 3.1 percent against the U.S. dollar, resulting in a rise in hourly compensation costs in the foreign economies of 6.1 percent on a U.S. dollar basis.
These data are from the Foreign Labor Statistics program. The Asian newly industrializing economies are Hong Kong, Korea, Singapore, and Taiwan. For more information, see International Comparisons of Hourly Compensation Costs for Production Workers in Manufacturing, 2005 (PDF) (TXT), news release USDL 06-2020.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Hourly compensation of production workers in the U.S. and selected countries, 2005 on the Internet at http://www.bls.gov/opub/ted/2006/nov/wk4/art05.htm (visited August 25, 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.