Foreign manufacturers’ compensation costs rise
WASHINGTON — The trade-weighted average of hourly compensation costs in U.S. dollars for all employees in manufacturing among 32 foreign economies was 85 percent of the U.S. level in 2008, increasing from 82 percent in 2007, according to data issued by the U.S. Bureau of Labor Statistics.
Compensation costs relative to the United States rose or remained unchanged in 28 of the 32 foreign economies covered in 2008.
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. When measured in national currency terms, trade-weighted average costs increased 3.5 percent in the combined 32 foreign economies in 2008.
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 7.2 percent on a U.S. dollar basis.
To sign up for Mississippi Business Daily Updates, click here.
Mississippi Economic Council
Mississippi Chambers of Commerce
Mississippi State Legislature
Mississippi Development Authority
Mississippi Economic Development Council
North Mississippi News
Social Security Disability Lawyer
Auto Accidents Lawyer
Top Posts & Pages
- Ingalls to lease former SRHS clinic in Gautier for employee medical center
- Miss. surgeon sentenced in tax evasion case
- Shale oil: market correction or longterm direction?
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Hyatt-Place is Columbus’ newest hotel option
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- Two new casinos like the odds on Mississippi Gulf Coast
- Williams Brothers General Store is something to count on