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Internet address: http://stats.bls.gov         USDL 01-280
Technical information: (202) 691-5654          For Release: 10:00 A.M. EDT
Media contact: (202) 691-5902                  Friday, August 31, 2001



INTERNATIONAL COMPARISONS OF MANUFACTURING PRODUCTIVITY
AND UNIT LABOR COST TRENDS,  2000

In 2000, the labor productivity growth rate for manufacturing was 
the highest in the United States among the 10 countries for which 
comparable data were available, according to preliminary data from the 
Bureau of Labor Statistics, U.S. Department of Labor.  The labor 
productivity increase in the United States was 7.1 percent, followed by 
6.0 and 5.8 percent in Germany and France, respectively.  The 
productivity growth rates in Canada and Norway were the lowest among 
the countries compared.  (See chart 1.)

These preliminary estimates for 2000, as well as revisions to the 
estimates through 1999, are based on data available in June 2001.  The 
output series for U.S. manufacturing used for international comparisons 
differs from the manufacturing series that BLS publishes quarterly on 
U.S. productivity and costs.  Labor productivity for this release is 
computed as value added output per hour worked.  (See technical notes.)

PRINTED COPY CONTAINS CHART AT THIS POINT:
Chart 1. Percent change in manufacturing output per hour, 2000

-2-

Unit labor costs - the cost of labor input required to produce 
one unit of output - are computed as labor costs in nominal terms 
divided by real output.  Unit labor costs also can be expressed as the 
ratio of hourly compensation to labor productivity.  An increase in 
productivity represents a decrease in the amount of labor input used to 
produce a unit of output; thus, an increase in productivity can offset 
an increase in compensation per hour in its effect on unit labor costs.

Unit labor costs in manufacturing, expressed in national currency 
units, declined in 11 of the 13 countries for which comparable data on 
unit labor costs were available in 2000.  The United States had a 
decline of 0.5 percent.  The largest declines occurred in Japan (5.1 
percent) and Denmark (2.9 percent).  Norway and Canada were the only 
two countries where unit labor costs increased. (See table A and chart 
2.)

PRINTED COPY CONTAINS CHART AT THIS POINT:
Chart 2. Percent change in manufacturing unit labor costs (national 
currency basis), 2000

Changes in exchange rates must be taken into account in order to 
assess international competitiveness in manufacturing.  The weakening 
of the euro against the dollar in 2000 deepened the unit labor cost 
declines in the European countries, when measured in U.S. dollars.  The 
stronger currencies in Japan, Korea, and Taiwan, however, resulted in 
increased U.S. dollar-based unit labor costs in these three countries.  
(See table A and chart 3.)

-3-

PRINTED COPY CONTAINS CHART AT THIS POINT:
Chart 3. Percent change in manufacturing unit labor costs (U.S. dollar 
basis), 2000

Table A summarizes changes in manufacturing productivity, unit 
labor costs, and related variables between 1999 and 2000.  Output and 
unit labor cost data are presented for 13 economies.  Comparable 
productivity data are not shown for Korea, Taiwan, and Denmark.  (See 
technical notes.)  No 2000 data are available for the Netherlands.  
Labor productivity rose in all 10 countries compared.  In the United 
States, France, Germany, Italy, and the United Kingdom, output per hour 
rose because output increased while hours decreased.  In Canada, Japan, 
Belgium, and Sweden, output per hour rose because output increased more 
than hours.  Except for Norway, every country experienced an increase 
in output.  Norway�s growth in productivity was the result of a smaller 
decline in output than in hours worked.

Unit labor costs measured in national currencies are affected by 
the degree and direction of change in both hourly compensation and 
productivity.  Of the 10 countries for which hours worked series are 
available, all, except Japan, showed an increase in both hourly 
compensation and labor productivity in 2000.  In Canada and Norway, 
hourly compensation grew more than productivity, resulting in increases 
in unit labor costs in national currency units.  In the remaining eight 
countries, productivity growth was greater than the rise in hourly 
compensation, causing unit labor costs to decline.

-4-

Table A.  Manufacturing productivity and unit labor costs in 14 countries or areas
Percent change, 1999-2000


                     Output                                             Total    Hourly    Unit labor costs
Country                 per                       Employ-   Average   compen-   compen-   National     U.S.  Exchange
or area                hour     Output    Hours      ment     hours    sation    sation   currency  dollars   rate (1)


United States          7.1       6.1     - 0.9     - 0.6     - 0.3       5.5       6.5     - 0.5     - 0.5      ---

Canada                 1.2       5.7       4.4       4.4       0.0       8.0       3.5       2.2       2.2       0.0
Japan                  5.4       5.8       0.4     - 1.8       2.2       0.4       0.0     - 5.1       0.1       5.5
Korea (2)               NA      15.4        NA        NA        NA      12.3        NA     - 2.7       2.4       5.2
Taiwan (2)              NA       7.5        NA        NA        NA       5.0        NA     - 2.3       1.0       3.4
Belgium                3.0       3.6       0.6       1.8     - 1.2       3.2       2.6     - 0.4     -13.7     -13.3
Denmark                 NA       6.3        NA     - 0.8        NA       3.3        NA     - 2.9     -16.2     -13.7
France                 5.8       3.3     - 2.3       1.2     - 3.4       2.8       5.2     - 0.5     -13.8     -13.3

Germany                6.0       5.7     - 0.3       0.7     - 1.0       3.2       3.5     - 2.3     -15.4     -13.3
Italy                  3.5       3.4     - 0.1       0.1     - 0.2       2.8       2.9     - 0.5     -13.8     -13.3
Netherlands             NA        NA        NA        NA        NA        NA        NA        NA        NA     -13.3
Norway                 1.1     - 2.7     - 3.8     - 2.7     - 1.1       1.1       5.0       3.9     - 8.0     -11.4
Sweden                 4.8       6.3       1.5       1.3       0.2       4.1       2.6     - 2.1     -11.7     - 9.8
United Kingdom         5.0       1.6     - 3.3     - 3.7       0.4       0.3       3.7     - 1.3     - 7.5     - 6.3

(1)  Value of foreign currency relative to the U.S. dollar.
(2)  Productivity not available because suitable labor input measures have not been developed by BLS.

NA=Not Available

Although the productivity measure relates output to the hours 
worked of persons employed in manufacturing, it does not measure the 
specific contributions of labor as a single factor of production.  
Rather, it reflects the joint effects of many influences, including new 
technology, capital investment, capacity utilization, energy use, and 
managerial skills, as well as the skills and efforts of the work force.

Table B (pages 9-13) shows average annual percent changes for 
selected periods, beginning in 1979.  Annual indexes of the data are in 
tables 1-15 (pages 19-33).

-5-

BOX: Notes about the measures

The measures in this news release are based on data available to BLS as 
of June 2001.  Revisions for 1999 and earlier years were made to the 
measures for several countries to incorporate data not available at the 
time of the April 2001 news release.

U.S. manufacturing output measure
The output measure for manufacturing in the United States is the chain-
weighted index of real gross product originating (deflated value 
added), introduced by the Bureau of Economic Analysis (BEA), U.S. 
Department of Commerce, in August 1996.  This series is based on 
annually changing price weights.

The United States real output data through 1999 used in this report 
were released by the BEA in December 2000.  The estimates are described 
in the Survey of Current Business, Vol. 80, No. 11, December 2000.  The 
BLS estimate of real U.S. output for 2000 was derived by extrapolating 
the 1999 number forward, using the annual growth rate of the Federal 
Reserve Board�s Industrial Production Index for Total Manufacturing.

The U.S. output series used for international comparisons differs from 
the manufacturing series that BLS publishes on quarterly measures of 
U.S. productivity and costs.  While both series are based on annually-
changing price weights, the international comparisons program uses a 
value added output concept, while the quarterly U.S. manufacturing 
series is on a sectoral output basis.  For information on the 
differences between the value added and the sectoral output measures, 
see technical notes.

Germany
Time series data for the whole of Germany, termed Germany (unified) in 
previous BLS releases, are published by the German Federal Statistical 
Office, beginning with 1991.  For years prior to 1991, only data for 
the former West Germany are available.  Comparative indexes for the 
former West Germany also are included in this report for historical 
comparison purposes, although the data for West Germany end with 1998 
and have not been updated or revised by BLS since they were published 
in the news release USDL 99-235, on Aug. 27, 1999.

Italy
Data for this release have been revised from 1980, to correspond to the 
General industrial classification of economic activities within the 
European communities (NACE), by including industry 23 (manufacture of 
coke, refined petroleum products, and nuclear fuel).  Also, value added 
output was revalued at basic prices.

New measures of National Accounts
Member states of the European Union are in the process of implementing 
the European System of Integrated National Accounts (ESA 95).  Some 
other countries are adopting the System of National Accounts 
recommended by the United Nations (SNA 93), on which ESA 95 is based.  
Revisions due to these conversions to new systems are being 
incorporated into the BLS estimates.
(continued on next page)

-6-

Notes about the measures (continued)

European exchange rates
On Jan. 1, 1999, 11 European countries joined the European Monetary 
Union (EMU).  Greece joined on Jan. 1, 2001.  Currencies of EMU members 
are established at fixed conversion rates to the euro, the official 
currency of the EMU.  Exchange rates between the national currencies of 
EMU countries and the U.S. dollar are no longer reported; only the 
exchange rate between the euro and the U.S. dollar is available.

In this news release, 2000 exchange rates in national currencies for 
Belgium, France, Germany, Italy, and the Netherlands are calculated by 
taking the number of euros per U.S. dollar and then converting euros 
into national currencies at fixed conversion rates.

1 euro equals:        
40.3399   Belgian francs  
1936.27   Italian lire
6.55957   French francs
2.20371   Netherlands guilders
1.95583   German marks

In 2000, 1 euro was equal to 0.9232 U.S. dollars.  The currency 
exchange rates cited in this publication are annual averages of daily 
buying rates in New York City.

END OF BOX (Notes about the measures)

Manufacturing productivity, output, and labor input

The 7.1 percent increase in U.S. output per hour in manufacturing 
in 2000 was the largest increase among all countries compared and 3 
percentage points above the nation's average annual increase between 
1990 and 2000.  In 2000, U.S. output grew 6.1 percent and hours worked 
fell 0.9 percent, the third year in a row that U.S. manufacturing hours 
declined. (See table B.)

Of the 10 countries for which output per hour data are available, 
9 experienced higher productivity growth in 2000 than in 1999.  Only 
Canada experienced lower productivity growth. (See table B.)

For the 1990-2000 period, productivity grew in all nine countries 
for which these data are available.  The rate of increase ranged from 
4.7 percent per year for Sweden to 0.8 percent per year for Norway.  
The United States and France were the only countries other than Sweden 
that experienced productivity growth above 4 percent per year. (See 
table B.)

In 2000, manufacturing output increased in all of the countries, 
except Norway.  Korean output grew by 15.4 percent in 2000.  Increases 
in other countries in 2000 ranged from 7.5 percent (Taiwan) to 1.6 
percent (the United Kingdom).  Manufacturing output in Norway has 
declined for 2 consecutive years. (See table B.)

During 1990-2000, manufacturing output increased in all the 
countries compared;  the lowest gain was 0.6 percent per year in the 
United Kingdom, and the highest was 8.2 percent per year in Korea.  In 
2000, all countries except Norway had higher output growth than the 
1990-2000 average per year. (See table B.)

-7-

In 2000, total hours worked in manufacturing declined in 6 of the 
10 countries for which comparable data were available and rose in 4.  
The largest declines were in Norway (3.8 percent) and the United 
Kingdom (3.3 percent).  U.S. hours fell 0.9 percent, the third 
consecutive year that U.S. manufacturing hours declined.  Hours worked 
in Canada increased 4.4 percent in 2000.  Hours also rose in Japan, 
Belgium, and Sweden. (See table B.)

Total hours worked in manufacturing declined between 1990 and 
2000 in all countries for which hours data are available, except Canada 
and Norway.  Canadian hours worked rose at an average rate of 1.2 
percent per year during the 1990-2000 period, while Norwegian hours 
worked rose 0.3 percent per year.  For the other countries, the average 
1990-2000 decline in hours ranged from 2.4 percent per year in Japan to 
0.1 percent per year in the U.S. (See table B.)

Manufacturing hourly compensation and unit labor costs

Hourly compensation in manufacturing increased in 2000 in all the 
countries for which hours worked data were available, except Japan.  
The largest increases occurred in the United States (6.5 percent), 
France (5.2 percent), and Norway (5.0 percent).  Hourly compensation in 
Japan was unchanged in 2000. (See table B.)

A percent change in unit labor costs can be expressed 
approximately as a percent change in hourly compensation minus a 
percent change in labor productivity.  Therefore, an increase in unit 
labor costs indicates that labor compensation is rising faster than 
productivity, while the reverse is true for declining unit labor costs.  
Based on this relationship, table B shows that, for the pre-1990 
periods of comparison for all countries except the Netherlands, average 
annual increases in hourly compensation in national currency surpassed 
average annual increases in labor productivity.  (See table B.)

In 2000, unit labor costs, expressed in national currency units, 
declined in 11 of the countries compared and increased in 2.  The 
largest declines occurred in Japan (5.1 percent), Denmark (2.9 
percent), and Korea (2.7 percent).  Only Canada (2.2 percent) and 
Norway (3.9 percent) experienced a rise in unit labor costs in 2000.  
In the U.S., unit labor costs decreased 0.5 percent in 2000, as 
productivity increased 7.1 percent and hourly compensation increased 
6.5 percent.

From 1990 to 2000, U.S. unit labor costs decreased 0.4 percent 
per year.  In addition to the U.S., four other countries-Japan, 
Belgium, France, and Sweden-experienced declines in unit labor costs 
over this time period, measured in their own currencies. (See tables B 
and 9.)

In 2000, the euro lost value against the U.S. dollar, from an 
average of $1.0653 per euro in 1999 to $0.9232 per euro in 2000, a drop 
of 13.3 percent.  Consequently, the currencies of countries in the euro 
zone (Belgium, France, Germany, Italy, and the Netherlands) declined at 
the same rate.  The currencies of all the other European countries 
(those not in the euro zone) also declined, by 6.3 to 13.7 percent.  
However, the currencies of Japan, Korea, and Taiwan appreciated in
value against the U.S. dollar during 2000.  The Japanese yen rose by 
5.5 percent, the Korean won by 5.2 percent, and the Taiwanese dollar by 
3.4 percent.  The Canadian to U.S. dollar exchange rate was stable 
between 1999 and 2000. (See tables B and 11.)

-8-

Movements in the currency markets had a noticeable effect on 
comparative unit labor costs expressed in U.S. dollars.  The 
strengthening of currencies in Japan, Korea, and Taiwan against the 
dollar in 2000 caused unit labor costs in these countries to rise when 
expressed in U.S. dollars, although they decreased in terms of their 
own currencies.  The increases were 2.4 percent in Korea, 1.0 percent 
in Taiwan, and 0.1 percent in Japan. The weakening of European 
currencies against the dollar deepened the declines in their unit labor 
costs when valued in U.S. dollars, from 7.5 percent in the United 
Kingdom to 16.2 percent in Denmark.  Unit labor costs declined also in 
Norway (8 percent), when expressed in dollars, while increasing in 
terms of its national currency. (See table B.)

-9-

Table B.  Output per hour, hourly compensation, unit labor costs, and related measures
Manufacturing, 14 countries or areas, 1979-2000

Average annual rates of change 1/

Country             1979-2000 1979-85   1985-90   1990-2000  1997      1998      1999      2000
or area


Output per hour

United States          3.5       3.5       2.4       4.1       3.6       4.5       6.6       7.1

Canada                 2.1       3.4       0.5       2.1       2.8      -0.1       1.6       1.2
Japan                  3.7       3.5       4.3       3.5       4.2       0.2       3.8       5.4
Korea                  NA        NA        NA        NA        NA        NA        NA        NA
Taiwan                 NA        NA        NA        NA        NA        NA        NA        NA
Belgium                3.7       6.0       2.2       3.2       8.3       1.6       0.1       3.0
Denmark                NA        2.1       0.5       NA        NA        NA        NA        NA
France                 3.6       3.0       3.4       4.1       7.4       4.6       2.6       5.8

Germany                NA        NA        NA        NA        4.9       0.0       1.2       6.0
Italy                  2.7       4.0       1.9       2.3       2.1      -0.4       0.7       3.5
Netherlands            NA        4.4       2.2       NA        1.8       2.2       2.2       NA
Norway                 1.4       2.4       1.4       0.8       0.9       0.6      -0.5       1.1
Sweden                 3.6       3.1       1.9       4.7       6.3       5.4       2.9       4.8
United Kingdom         3.6       4.4       4.6       2.7       1.4       1.3       4.2       5.0


Output

United States          3.1       2.2       2.5       3.9       5.4       4.3       5.7       6.1

Canada                 2.6       1.9       1.8       3.3       6.1       4.1       6.3       5.7
Japan                  2.9       4.7       4.8       1.0       3.4      -5.9       0.8       5.8
Korea                  9.2       8.3      12.2       8.2       6.6      -7.4      21.0      15.4
Taiwan                 6.6       8.2       7.0       5.4       6.7       3.3       6.7       7.5
Belgium                2.3       2.6       2.5       1.9       6.7       2.2       1.2       3.6
Denmark                1.8       2.9      -0.2       2.2       8.0       2.0      -0.8       6.3
France                 1.5      -0.4       2.6       2.0       4.9       4.8       2.0       3.3

Germany                NA        NA        NA        NA        3.4       1.5       0.4       5.7
Italy                  1.7       0.9       3.2       1.4       3.2       1.5      -0.2       3.4
Netherlands            2.3       1.8       3.2       2.1       2.6       3.3       3.1       NA
Norway                 0.3       0.6      -1.6       1.0       5.1       1.8      -3.2      -2.7
Sweden                 2.9       2.2       1.4       4.0       5.3       6.9       4.1       6.3
United Kingdom         0.8      -1.2       3.4       0.6       1.3       0.5       0.0       1.6

                                                            Continued on next page

-10-

Table B.  Output per hour, hourly compensation, unit labor costs, and related measures
Manufacturing, 14 countries or areas, 1979-2000

Average annual rates of change 1/

Country             1979-2000 1979-85   1985-90   1990-2000  1997      1998      1999      2000
or area


Total hours

United States         -0.4      -1.2       0.0      -0.1       1.8      -0.2      -0.8      -0.9

Canada                 0.5      -1.5       1.3       1.2       3.1       4.2       4.6       4.4
Japan                 -0.7       1.1       0.5      -2.4      -0.8      -6.1      -2.9       0.4
Korea                  NA        NA        NA        NA        NA        NA        NA        NA
Taiwan                 NA        NA        NA        NA        NA        NA        NA        NA
Belgium               -1.4      -3.2       0.4      -1.3      -1.5       0.6       1.1       0.6
Denmark                NA        0.8      -0.6       NA        NA        NA        NA        NA
France                -2.1      -3.3      -0.8      -2.0      -2.3       0.2      -0.6      -2.3

Germany                NA        NA        NA        NA       -1.5       1.4      -0.8      -0.3
Italy                 -1.0      -2.9       1.3      -0.9       1.0       2.0      -0.8      -0.1
Netherlands            NA       -2.5       1.0       NA        0.8       1.1       0.8       NA
Norway                -1.1      -1.8      -2.9       0.3       4.1       1.2      -2.7      -3.8
Sweden                -0.7      -0.8      -0.5      -0.7      -1.0       1.4       1.2       1.5
United Kingdom        -2.8      -5.3      -1.2      -2.0      -0.1      -0.8      -4.0      -3.3


Employment

United States         -0.6      -1.4      -0.1      -0.4       1.0       0.7      -1.5      -0.6

Canada                 0.3      -1.3       1.2       0.9       3.2       3.8       3.7       4.4
Japan                 -0.3       1.2       0.8      -1.8      -0.2      -4.1      -2.7      -1.8
Korea                  NA        NA        NA        NA        NA        NA        NA        NA
Taiwan                 NA        NA        NA        NA        NA        NA        NA        NA
Belgium               -1.4      -2.6      -0.3      -1.3      -1.5       0.4      -1.0       1.8
Denmark               -0.2       1.0      -0.2      -0.9      -0.8       0.8      -2.1      -0.8
France                -1.6      -2.3      -0.9      -1.5      -2.1       0.4      -0.1       1.2

Germany                NA        NA        NA        NA       -1.5       0.4      -0.4       0.7
Italy                 -1.1      -2.8       0.3      -0.7       0.6       2.2      -0.4       0.1
Netherlands            NA       -2.2       1.2       NA        1.2       1.3       0.8       NA
Norway                -1.0      -1.8      -2.7       0.3       4.3       1.0      -2.7      -2.7
Sweden                -1.3      -1.2      -0.8      -1.6      -1.1       1.2       1.0       1.3
United Kingdom        -2.5      -4.6      -0.9      -2.1       0.4      -0.1      -3.6      -3.7

                                                            Continued on next page

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Table B.  Output per hour, hourly compensation, unit labor costs, and related measures
Manufacturing, 14 countries or areas, 1979-2000

Average annual rates of change 1/

Country             1979-2000 1979-85   1985-90   1990-2000  1997      1998      1999      2000
or area


Average hours

United States          0.2       0.2       0.1       0.2       0.7      -1.0       0.7      -0.3

Canada                 0.1      -0.2       0.1       0.3      -0.1       0.3       0.9       0.0
Japan                 -0.4       0.0      -0.3      -0.7      -0.6      -2.1      -0.2       2.2
Korea                  NA        NA        NA        NA        NA        NA        NA        NA
Taiwan                 NA        NA        NA        NA        NA        NA        NA        NA
Belgium                0.0      -0.6       0.7       0.0       0.1       0.2       2.1      -1.2
Denmark                NA       -0.3      -0.5       NA        NA        NA        NA        NA
France                -0.5      -1.0       0.1      -0.6      -0.3      -0.2      -0.5      -3.4

Germany                NA        NA        NA        NA        0.0       1.0      -0.4      -1.0
Italy                  0.1      -0.1       1.0      -0.2       0.4      -0.2      -0.4      -0.2
Netherlands            NA       -0.3      -0.2       NA       -0.4      -0.2       0.0       NA
Norway                -0.1       0.0      -0.2       0.0      -0.2       0.1       0.0      -1.1
Sweden                 0.6       0.4       0.3       0.9       0.1       0.2       0.2       0.2
United Kingdom        -0.3      -0.8      -0.3       0.1      -0.6      -0.6      -0.4       0.4


Total labor compensation in manufacturing 2/:  National currency basis

United States          4.3       5.8       3.9       3.5       3.7       5.1       3.1       5.5

Canada                 5.4       7.5       5.6       4.1       5.3       6.4       6.0       8.0
Japan                  2.9       5.9       5.1       0.0       2.6      -3.7      -3.0       0.4
Korea                 14.5      18.7      19.7       9.5      -2.2      -9.4       5.7      12.3
Taiwan                 9.7      15.9      10.7       5.5       5.0       4.8       4.0       5.0
Belgium                3.0       4.7       4.0       1.6       1.9       2.1       1.5       3.2
Denmark                4.9       9.0       4.6       2.8       3.7       3.8       2.5       3.3
France                 4.0       9.1       3.6       1.2       0.1       2.5       2.0       2.8

Germany                NA        NA        NA        NA        0.5       2.3       0.9       3.2
Italy                  7.3      13.1       8.2       3.6       4.9       0.8       2.5       2.8
Netherlands            NA        2.3       3.1       NA        3.4       4.2       4.0       NA
Norway                 5.5       8.0       4.7       4.5       8.7       7.5       3.0       1.1
Sweden                 6.0       8.9       7.9       3.3       3.4       5.7       3.7       4.1
United Kingdom         4.8       5.9       8.0       2.6       3.5       4.4       0.5       0.3

                                                            Continued on next page

-12-

Table B.  Output per hour, hourly compensation, unit labor costs, and related measures
Manufacturing, 14 countries or areas, 1979-2000

Average annual rates of change 1/

Country             1979-2000 1979-85   1985-90   1990-2000  1997      1998      1999      2000
or area


Hourly compensation 2/:  National currency basis

United States          4.7       7.2       3.9       3.7       1.9       5.4       4.0       6.5

Canada                 4.9       9.1       4.2       2.9       2.1       2.1       1.3       3.5
Japan                  3.6       4.7       4.6       2.5       3.4       2.5      -0.2       0.0
Korea                  NA        NA        NA        NA        NA        NA        NA        NA
Taiwan                 NA        NA        NA        NA        NA        NA        NA        NA
Belgium                4.5       8.1       3.7       2.9       3.4       1.4       0.4       2.6
Denmark                NA        8.1       5.3       NA        NA        NA        NA        NA
France                 6.2      12.8       4.5       3.3       2.5       2.3       2.6       5.2

Germany                NA        NA        NA        NA        2.0       0.9       1.7       3.5
Italy                  8.4      16.5       6.8       4.5       3.8      -1.2       3.3       2.9
Netherlands            NA        5.0       2.1       NA        2.6       3.1       3.1       NA
Norway                 6.7      10.0       7.8       4.3       4.4       6.3       5.8       5.0
Sweden                 6.7       9.8       8.4       4.1       4.4       4.2       2.5       2.6
United Kingdom         7.8      11.8       9.3       4.7       3.7       5.3       4.7       3.7


Unit labor costs:  National currency basis

United States          1.1       3.6       1.4      -0.4      -1.7       0.8      -2.5      -0.5

Canada                 2.8       5.5       3.7       0.8      -0.7       2.2      -0.2       2.2
Japan                 -0.1       1.1       0.3      -1.0      -0.8       2.3      -3.8      -5.1
Korea                  4.8       9.6       6.7       1.2      -8.3      -2.1     -12.7      -2.7
Taiwan                 2.9       7.2       3.5       0.2      -1.6       1.4      -2.5      -2.3
Belgium                0.8       2.0       1.5      -0.3      -4.5      -0.2       0.3      -0.4
Denmark                3.1       5.9       4.8       0.6      -3.9       1.8       3.3      -2.9
France                 2.5       9.5       1.0      -0.9      -4.5      -2.2       0.0      -0.5

Germany                NA        NA        NA        NA       -2.8       0.9       0.5      -2.3
Italy                  5.5      12.0       4.8       2.2       1.7      -0.7       2.6      -0.5
Netherlands            NA        0.5      -0.1       NA        0.9       0.9       0.8       NA
Norway                 5.3       7.4       6.4       3.5       3.5       5.6       6.4       3.9
Sweden                 3.0       6.5       6.4      -0.7      -1.8      -1.2      -0.4      -2.1
United Kingdom         4.0       7.1       4.5       1.9       2.2       3.9       0.5      -1.3

                                                            Continued on next page

-13-

Table B.  Output per hour, hourly compensation, unit labor costs, and related measures
Manufacturing, 14 countries or areas, 1979-2000

Average annual rates of change 1/

Country             1979-2000 1979-85   1985-90   1990-2000  1997      1998      1999      2000
or area


Unit labor costs:  U.S. dollar basis

United States          1.1       3.6       1.4      -0.4      -1.7       0.8      -2.5      -0.5

Canada                 1.6       2.8       7.0      -1.6      -2.2      -4.6      -0.4       2.2
Japan                  3.3      -0.3      10.8       2.0     -10.8      -5.4      10.8       0.1
Korea                  0.7      -0.5      10.9      -3.4     -22.3     -33.5       2.8       2.4
Taiwan                 3.6       5.4      12.0      -1.3      -6.0     -13.0       1.2       1.0
Belgium               -1.1      -9.3      13.8      -2.9     -17.4      -1.5      -3.8     -13.7
Denmark                1.0      -5.8      16.7      -2.1     -15.7       0.4      -0.9     -16.2
France                 0.0      -3.3      11.6      -3.5     -16.4      -3.2      -4.2     -13.8

Germany                NA        NA        NA        NA      -15.7      -0.6      -3.7     -15.4
Italy                  1.0      -2.5      15.1      -3.4      -7.9      -2.6      -1.9     -13.8
Netherlands            NA       -7.6      12.7       NA      -12.9      -0.7      -3.3       NA
Norway                 2.5      -1.7      13.3       0.0      -5.7      -0.9       2.9      -8.0
Sweden                -0.6      -5.2      14.7      -4.9     -13.8      -5.0      -4.3     -11.7
United Kingdom         2.3      -1.3      11.3       0.3       7.2       5.2      -2.0      -7.5


Exchange rates 3/

United States         ---       ---       ---       ---       ---       ---       ---       ---

Canada                -1.1      -2.5       3.2      -2.4      -1.5      -6.7      -0.1       0.0
Japan                  3.4      -1.5      10.5       3.0     -10.1      -7.6      15.2       5.5
Korea                 -4.0      -9.2       3.9      -4.5     -15.3     -32.1      17.7       5.2
Taiwan                 0.7      -1.7       8.2      -1.5      -4.5     -14.2       3.8       3.4
Belgium               -1.9     -11.1      12.2      -2.6     -13.5      -1.4      -4.1     -13.3
Denmark               -2.0     -11.0      11.4      -2.6     -12.2      -1.4      -4.1     -13.7
France                -2.4     -11.7      10.5      -2.6     -12.4      -1.0      -4.2     -13.3

Germany                NA        NA        NA        NA      -13.3      -1.4      -4.2     -13.3
Italy                 -4.3     -12.9       9.8      -5.4      -9.5      -1.9      -4.4     -13.3
Netherlands           -0.8      -8.0      12.7      -2.7     -13.6      -1.6      -4.1     -13.3
Norway                -2.6      -8.4       6.6      -3.4      -8.8      -6.2      -3.3     -11.4
Sweden                -3.6     -11.0       7.8      -4.3     -12.2      -3.9      -3.9      -9.8
United Kingdom        -1.6      -7.9       6.6      -1.6       4.9       1.2      -2.4      -6.3

1/ Rates of change based on the compound          3/ Value of foreign currency relative to
 rate method.                                      the U.S. dollar.
2/ Adjusted to include employment taxes
 that are not compensation to employees           NA = Not available.
 but are labor costs to employers.


-14-

Trade-weighted unit labor costs

Because the economies covered differ greatly in their relative 
importance to U.S. trade in manufactured goods, BLS constructs indexes 
of U.S. unit labor cost trends relative to a trade-weighted average of 
unit labor cost trends in the other economies. (See chart 4.)

PRINTED COPY CONTAINS CHART AT THIS POINT:
Chart 4. U.S. manufacturing unit labor costs relative to 12 
competitors, 1979-2000

The construction of the indexes shown in chart 4 is a three-step 
process.  First, the indexes of unit labor costs for all economies are 
rebased to a common year (in this case, 1979=100).  Second, for each 
year, a "competitors" index is calculated as the weighted geometric 
mean of the indexes for all competitor economies;  the weights reflect 
each country's importance in terms of U.S. trade in manufactured goods.  
Finally, the U.S. index number for each year is divided by the 
"competitors" index number (and multiplied by 100) to obtain a relative 
ratio of the United States to the competitors.  This process is used to 
calculate the relative trade-weighted unit labor cost indexes on both a 
national currency and a U.S. dollar basis.

In chart 4, the solid line indicates that U.S. unit labor costs 
rose faster than "competitors" costs from 1979 to 1986 on a U.S. dollar 
basis.  In most years from 1986 to 1995, U.S. costs either rose at a 
slower rate than the "competitors" costs or fell at a faster rate.  
From 1995 to 1998, however, the strength of the U.S. dollar caused 
relative U.S. unit labor costs to rise.  After a dip in 1999, the index 
of relative U.S. unit labor costs rose again in 2000.  The data 
underlying this chart are shown in table C.

-15-

Table C. U.S. manufacturing unit labor
costs relative to 12 competitors, 1979-2000

          Unit Labor Costs              Unit Labor Costs
        National Currency Basis        U.S. Dollar Basis
  Year    Own   Competitors'           Own   Competitors'
         Index      Index     Ratio   Index      Index     Ratio

  1979   100.0      100.0     100.0   100.0      100.0     100.0
  1980   111.4      111.5      99.9   111.4      109.8     101.5
  1981   116.5      120.4      96.8   116.5      109.5     106.4
  1982   124.2      128.6      96.6   124.2      105.9     117.3
  1983   121.6      131.0      92.8   121.6      104.8     116.0
  1984   121.0      131.7      91.9   121.0       99.7     121.4
  1985   123.4      133.2      92.6   123.4       97.7     126.2
  1986   128.9      138.8      92.8   128.9      122.2     105.5
  1987   122.8      141.0      87.1   122.8      140.2      87.6
  1988   122.5      142.4      86.1   122.5      153.0      80.1
  1989   128.0      146.1      87.6   128.0      152.7      83.8
  1990   132.4      152.2      87.0   132.4      164.1      80.7
  1991   138.0      159.0      86.8   138.0      174.2      79.3
  1992   141.3      163.1      86.7   141.3      181.9      77.7
  1993   142.3      164.1      86.7   142.3      178.6      79.6
  1994   139.2      162.0      85.9   139.2      179.1      77.7
  1995   134.0      162.3      82.6   134.0      189.2      70.8
  1996   132.1      163.3      80.9   132.1      180.8      73.1
  1997   129.9      161.0      80.7   129.9      165.0      78.8
  1998   131.0      163.3      80.2   131.0      155.5      84.2
  1999   127.8      160.3      79.7   127.8      158.8      80.5
  2000   127.1      157.5      80.7   127.1      152.6      83.3














-16-

TECHNICAL NOTES

The Bureau of Labor Statistics constructs trend indexes of 
manufacturing labor productivity (output per hour), hourly compensation 
costs, and unit labor costs from three basic aggregate measures - 
output, total labor hours, and total compensation.  The hours and 
compensation measures refer to employees (wage and salary earners) in 
Korea, Taiwan, Belgium, Denmark, and Italy.  For all other countries, 
the measures refer to all employed persons, including employees, self-
employed persons, and unpaid family workers.  For all of the countries, 
the term "hours" refers to hours worked.

In general, the measures relate to total manufacturing as defined by 
the International Standard Industrial Classification (ISIC).  However, 
the measures for Denmark include mining and exclude manufacturing 
handicrafts from 1960 to 1966.

The comparisons in this news release make use of data made available 
to BLS as of June 2001 by the statistical agencies of the individual 
countries.  For some countries, the data for the most recent years are 
based on the European System of Integrated National Accounts (ESA 95) 
or on the United Nations System of National Accounts 1993 (SNA 93).  
For other countries, data were compiled according to previously used 
systems.

To obtain historical time series, BLS may link together data series 
compiled according to different accounting systems.

Output.  For most countries, the output measures are value added in 
manufacturing from the national accounts.  However, output for Japan 
prior to 1970 and for the Netherlands prior to 1960 are indexes of 
industrial production.  The national accounts measures for the United 
Kingdom are essentially identical to their indexes of industrial 
production.

In this release, manufacturing output data for the United States 
from 1977 forward are the gross product originating (value added) 
measures prepared by the Bureau of Economic Analysis (BEA) of the U.S. 
Department of Commerce.  U. S. gross product originating is a chain-
type annual-weighted series. /1  Comparable manufacturing output data are 
not available prior to 1977.

The gross product originating series differs from the manufacturing 
output series that BLS publishes on quarterly measures of U.S. 
productivity and costs.  The quarterly measures are on a sectoral 
output basis rather than a value added basis.  Sectoral output is gross 
output less intra-sector sales and transfers. /2

A value added concept has been used for the international 
comparisons series because the data are more readily available in the 
countries' national accounts, whereas sectoral output would require a 
complex estimation procedure.  Also, although BLS has determined that 
sectoral output is the correct concept for U.S. measures of single 
factor productivity (output per hour), there are other considerations 
that may make value added a better concept for international 
comparisons, such as differences among countries in the extent of 
vertical integration.

Estimation of manufacturing real output using moving weights is 
becoming prevalent.  However, many historical real output series have 
been estimated using fixed price weights, with the weights updated 
periodically (for example, every 5 or 10 years).

Measures of real output also may differ among countries because of 
different approaches to estimating the prices of high-technology 
products like computers and, in general, of products that undergo rapid 
quality change. 

Labor Input. The aggregate hours worked series used for France (from 
1970 forward), Norway, Sweden, and Canada are series published with the

-17-

national accounts.  For the former West Germany after 1959 and Germany 
from 1991, BLS uses aggregate hours worked, which were developed by a 
research institute of the German Ministry of Labor for use with the 
national accounts employment figures; earlier figures are BLS estimates.  
For the United Kingdom from 1992, an index of total manufacturing hours 
is used, derived from published quarterly indices of manufacturing 
hours.  For other countries, the United Kingdom before 1992, and the 
former West Germany before 1959, BLS constructs its own estimates of 
average hours, using employment figures published with the national 
accounts, or other comprehensive employment series, and estimates of 
average annual hours worked.  BLS is in the process of assessing the 
comparability of the employment and hours time series data available 
from statistical sources in Denmark, Korea, and Taiwan.

Compensation (Labor Cost).  The compensation measures are from 
national accounts data.  Compensation includes employer expenditures 
for legally required insurance programs and contractual and private 
benefit plans, in addition to all payments made in cash or in-kind 
directly to employees.  For Canada, France, and Sweden, compensation is 
increased to account for important taxes on payroll or employment.  For 
the United Kingdom, compensation is reduced between 1967 and 1991 to 
account for subsidies.  When data for the self-employed are not 
available, total compensation is estimated by assuming the same hourly 
compensation for self-employed and employees.  Real compensation for 
the United States is derived using the Consumer Price Index research 
series (CPI-U-RS).

Current Indicators.  The measures for recent years may be based on 
current indicators of output (such as industrial production indexes), 
employment, average hours, and hourly compensation until national 
accounts and other statistics, normally used for the long-term 
measures, become available.

Trade-Weighted Measures.  The trade weights for Canada, Japan, and 
the European countries were obtained by re-scaling a series of weights, 
developed by the International Monetary Fund, based on average trade 
flows over the 1989-91 period.  These weights are based on aggregate 
trade data for total manufacturing and take account of both bilateral 
trade and the relative importance of "third country" markets.  The 
1989-91 weights do not include Korea and Taiwan.  BLS developed weights 
for Korea and Taiwan by using data from an earlier study from the 
International Monetary Fund and other sources.  The weight used for 
Germany is based on the trade weight of the former West Germany.

The following weights were used for the entire period for which 
trade-weighted unit labor cost measures are produced:

       Country           Weight        Country             Weight
  
      Canada             24.46        Italy                 4.44
      Japan              29.54        Norway                0.46
      Belgium             2.06        Sweden                1.83
      Denmark             0.46        United Kingdom        8.68
      France              5.70        Korea                 5.55
      Germany            11.22        Taiwan                5.60

-18-

Level Comparisons.  The BLS measures are limited to trend 
comparisons. BLS does not prepare level comparisons of manufacturing 
productivity and unit labor costs because of data limitations and 
technical problems in comparing the levels of manufacturing output 
among countries.  Each country measures manufacturing output in its own 
currency units.  To compare outputs among countries, a common unit of 
measure is needed.  Market exchange rates are not suitable as a basis 
for comparing output levels.  What is needed are purchasing power 
parities, which are the number of foreign currency units required to 
buy goods and services equivalent to what can be bought with one unit 
of U.S. currency.

Purchasing power parities are available for total gross domestic 
product (GDP) from the Organization for Economic Cooperation and 
Development (OECD).  However, these parities are derived for 
expenditures made by consumers, business, and government for goods and 
services - not for value added by industry.  Therefore, they do not 
provide purchasing power parities by industry.  The parities for total 
GDP are not suitable for each component industry, such as 
manufacturing.

1/  For more information on the U. S. measure, see Sherlene K.S. Lum,
Brian C. Moyer, and Robert E. Yuskavage, "Improved Estimates 
of Gross Product by Industry for 1947-98," Survey of Current Business,
June 2000, pp. 24-38.

2/  For information on sectoral output, see William Gullickson, 
"Measurement of productivity growth in U.S. manufacturing," Monthly 
Labor Review, July 1995, pp. 13-28.
- 19 -

Table 1.  Output per hour in manufacturing, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                         Former West         Nether-                     United
 Year    States  Canada   Japan    Korea    Taiwan   Belgium  Denmark  France   Germany  Germany**  Italy    lands    Norway   Sweden   Kingdom

  1950     NA     26.5      NA       NA       NA       NA      22.6     13.4      NA       13.2      12.2     11.2     24.7     19.5     24.5

  1955     NA     32.5      8.6      NA       NA       NA      24.6     16.8      NA       19.7      17.0     14.3     28.7     21.3     26.5

  1960     NA     38.5     13.8      NA       NA      18.0     29.9     21.9      NA       29.2      21.3     18.5     37.0     27.3     30.0
  1961     NA     40.6     15.6      NA       NA      18.2     31.6     23.3      NA       30.6      23.0     19.5     38.3     28.7     30.1
  1962     NA     43.6     16.4      NA       NA      19.2     33.2     24.8      NA       32.8      25.5     20.2     38.3     30.9     30.7
  1963     NA     45.4     17.7      NA       NA      19.9     34.3     26.1      NA       34.1      26.2     21.0     40.3     32.7     32.4
  1964     NA     47.2     20.1      NA       NA      21.2     37.1     28.1      NA       37.1      26.4     23.0     42.6     35.5     34.5
  1965     NA     49.5     21.0      NA       NA      22.3     38.9     30.1      NA       39.3      29.5     24.5     45.1     38.2     35.5
  1966     NA     50.4     23.0      NA       NA      23.8     40.8     32.5      NA       40.9      32.0     26.1     47.0     39.8     36.7
  1967     NA     50.9     26.0      NA       NA      25.1     43.8     34.6      NA       43.4      33.6     28.1     48.7     43.2     38.4
  1968     NA     53.8     29.1      NA       NA      27.3     47.8     38.2      NA       47.0      36.3     31.5     51.7     47.2     41.3
  1969     NA     56.4     33.4      NA       NA      29.9     49.8     40.6      NA       50.4      37.6     34.6     56.5     50.9     42.3

  1970     NA     56.0     37.5      NA       NA      32.9     52.7     43.0      NA       52.0      40.0     37.8     58.3     52.2     43.2
  1971     NA     59.4     39.8      NA       NA      35.1     56.3     45.5      NA       54.0      40.6     40.1     60.0     54.5     45.4
  1972     NA     62.5     43.6      NA       NA      39.2     60.8     47.6      NA       57.4      44.1     43.3     63.1     57.2     47.9
  1973     NA     66.5     47.6      NA       NA      43.5     66.9     50.9      NA       61.1      47.7     47.9     66.9     61.4     51.4
  1974     NA     67.5     48.8      NA       NA      45.8     69.1     52.1      NA       63.2      50.8     51.5     69.5     64.0     52.2
  1975     NA     64.7     50.2      NA       NA      47.6     76.1     53.9      NA       65.9      49.1     50.8     68.8     65.0     51.1
  1976     NA     70.1     53.2      NA       NA      52.4     78.8     57.2      NA       70.6      55.9     56.3     70.5     66.0     53.3
  1977    68.3    73.9     55.3      NA       NA      55.0     80.4     60.6      NA       72.7      57.0     60.9     71.5     65.0     53.8
  1978    69.2    75.2     57.5      NA       NA      58.3     81.6     63.3      NA       75.2      60.7     64.9     72.8     66.8     54.6
  1979    70.1    75.3     62.2      NA       NA      61.4     85.6     66.2      NA       78.4      66.5     68.1     78.1     72.0     55.0

  1980    70.5    74.4     63.2      NA       NA      65.4     90.3     66.6      NA       77.2      69.6     68.7     76.7     73.1     54.3
  1981    74.1    78.0     65.2      NA       NA      70.1     91.8     68.5      NA       78.7      70.3     70.3     76.5     72.7     57.1
  1982    76.2    77.3     67.9      NA       NA      73.5     92.1     73.3      NA       78.8      71.0     71.6     79.7     75.4     60.2
  1983    80.0    82.2     68.8      NA       NA      81.0     96.6     75.0      NA       82.6      73.4     77.3     82.4     80.9     65.0
  1984    83.2    90.2     71.1      NA       NA      85.0     96.1     76.2      NA       85.4      79.6     84.8     87.4     85.2     68.4
  1985    86.0    92.2     76.5      NA       NA      87.0     96.7     79.1      NA       89.1      84.1     88.4     90.2     86.2     71.1
  1986    86.0    89.6     76.1      NA       NA      87.8     91.1     80.4      NA       89.6      84.5     90.1     89.0     87.5     73.9
  1987    92.9    90.3     80.2      NA       NA      88.9     90.6     81.9      NA       88.1      86.0     90.9     93.3     89.2     78.1
  1988    96.9    90.7     83.9      NA       NA      92.0     94.1     87.5      NA       91.5      87.2     93.0     92.2     90.5     82.6
  1989    95.7    93.2     88.5      NA       NA      96.9     99.6     91.9      NA       94.6      89.6     96.8     94.6     93.2     86.2

  1990    96.9    94.7     94.4      NA       NA      96.8     99.1     93.6      NA       99.0      92.2     98.4     96.6     94.6     89.1
  1991    97.9    95.5     99.0      NA       NA      99.1     99.6     96.9     99.0     101.9      95.4     99.5     97.5     95.5     93.8
  1992   100.0   100.0    100.0      NA       NA     100.0    100.0    100.0    100.0     100.0     100.0    100.0    100.0    100.0    100.0
  1993   102.1   104.9    101.7      NA       NA     102.5    104.5    100.6    101.8     100.6     103.1    101.5    100.6    107.3    103.9
  1994   107.3   109.7    103.3      NA       NA     108.4      NA     108.6    109.9     107.9     105.8    113.2    101.4    119.4    107.1
  1995   113.8   111.3    111.0      NA       NA     113.2      NA     114.7    112.8     111.2     109.4    118.0    102.0    121.9    104.8
  1996   117.0   110.1    116.1      NA       NA     117.1      NA     115.3    115.3     115.1     109.3    120.1    102.0    124.5    103.5
  1997   121.2   113.2    121.0      NA       NA     126.8      NA     123.8    121.0     121.8     111.6    122.2    103.0    132.3    105.0
  1998   126.7   113.1    121.2      NA       NA     128.8      NA     129.5    121.0     127.1     111.1    124.9    103.6    139.5    106.3
  1999   135.1   114.9    125.8      NA       NA     128.9      NA     132.9    122.4       NA      111.8    127.7    103.1    143.5    110.8
  2000   144.7   116.3    132.6      NA       NA     132.8      NA     140.5    129.8       NA      115.7      NA     104.2    150.4    116.4

NA:  Not Available

Note:  The data relate to employees (wage and salary earners) in Belgium, Denmark, and Italy
and to all employed persons (employees and self-employed workers)
in other countries.

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 20 -

Table 2.  Output per employed person in manufacturing, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                         Former West         Nether-                     United
 Year    States  Canada   Japan    Korea    Taiwan   Belgium  Denmark  France   Germany  Germany**  Italy    lands    Norway   Sweden   Kingdom

  1950     NA     28.8      NA       NA       NA       NA      31.8     16.2      NA       19.2      13.4     14.6     32.3     25.3     30.1

  1955     NA     34.1     10.3      NA       NA       NA      34.0     20.2      NA       28.8      19.2     18.7     37.7     27.5     32.9

  1960     NA     40.1     17.1      NA       NA      22.6     39.2     26.5      NA       38.4      24.3     24.4     46.7     33.3     36.5
  1961     NA     42.1     19.1      NA       NA      22.9     40.2     28.3      NA       39.6      26.0     24.7     47.6     34.7     36.1
  1962     NA     45.5     19.6      NA       NA      24.1     42.6     30.0      NA       41.3      27.9     25.4     47.4     37.1     36.5
  1963     NA     47.5     21.0      NA       NA      25.0     43.3     31.7      NA       42.4      28.8     26.3     49.7     38.9     38.5
  1964     NA     49.7     23.7      NA       NA      26.5     47.2     33.9      NA       46.1      29.1     28.5     52.8     41.8     41.3
  1965     NA     52.1     24.3      NA       NA      27.4     49.5     35.9      NA       48.7      31.3     30.3     54.6     44.5     42.0
  1966     NA     52.6     26.8      NA       NA      29.1     51.0     39.1      NA       50.0      34.4     32.1     57.1     46.4     42.6
  1967     NA     53.2     30.4      NA       NA      30.3     54.1     41.1      NA       51.7      36.6     34.4     58.6     49.5     44.2
  1968     NA     56.0     33.9      NA       NA      33.0     57.7     44.1      NA       56.6      39.5     37.9     60.7     52.9     48.0
  1969     NA     58.6     38.3      NA       NA      35.7     59.3     48.1      NA       60.7      40.7     41.1     64.9     56.1     49.1

  1970     NA     57.8     42.6      NA       NA      38.3     60.8     50.3      NA       62.4      42.5     44.0     66.3     57.4     49.4
  1971     NA     61.0     44.5      NA       NA      40.2     64.6     52.8      NA       63.4      42.0     46.2     67.6     59.8     50.6
  1972     NA     64.3     48.5      NA       NA      43.9     68.4     54.7      NA       66.6      45.3     49.2     70.0     61.1     52.9
  1973     NA     67.9     52.4      NA       NA      47.6     71.2     57.6      NA       70.4      49.6     53.4     73.9     64.4     57.5
  1974     NA     68.5     51.5      NA       NA      48.7     75.0     58.1      NA       71.4      50.9     55.6     75.6     66.5     56.6
  1975     NA     64.8     51.8      NA       NA      48.0     79.9     58.4      NA       72.5      48.4     53.8     74.5     66.2     55.2
  1976     NA     70.3     56.5      NA       NA      53.8     83.2     62.1      NA       79.9      55.0     59.6     74.2     66.4     58.1
  1977    67.1    74.0     58.9      NA       NA      56.1     84.1     65.2      NA       81.1      55.9     64.2     74.1     64.9     59.0
  1978    67.9    76.0     61.5      NA       NA      59.4     84.3     67.6      NA       82.8      59.4     67.7     73.9     64.9     59.6
  1979    68.4    75.7     67.0      NA       NA      62.6     88.4     70.6      NA       86.0      64.6     70.2     78.0     69.0     59.8

  1980    67.9    74.0     68.0      NA       NA      65.6     93.9     71.0      NA       83.5      67.7     71.3     77.0     69.3     57.4
  1981    71.4    76.9     69.7      NA       NA      68.7     94.3     72.1      NA       84.1      68.4     73.3     76.9     69.3     59.2
  1982    72.1    75.7     72.3      NA       NA      73.7     96.0     74.0      NA       83.7      68.9     75.4     79.4     72.1     62.9
  1983    77.8    81.5     73.4      NA       NA      79.2    102.1     75.4      NA       87.9      71.3     81.5     82.5     78.3     67.8
  1984    82.0    89.3     76.6      NA       NA      82.5    101.2     76.7      NA       90.9      77.3     88.1     87.4     84.0     71.4
  1985    84.9    91.9     82.1      NA       NA      85.7     98.4     79.2      NA       93.1      81.0     89.5     89.8     84.4     73.8
  1986    84.8    89.6     81.2      NA       NA      86.5     94.9     80.6      NA       93.0      83.4     90.9     88.7     85.3     76.4
  1987    92.1    91.1     86.0      NA       NA      88.4     92.2     82.6      NA       91.3      86.4     91.2     90.7     88.0     80.9
  1988    96.9    93.4     90.9      NA       NA      93.0     95.8     88.6      NA       94.4      90.6     94.0     90.3     89.1     85.7
  1989    95.7    93.9     94.8      NA       NA      97.5    100.2     92.9      NA       96.2      92.9     97.3     93.3     91.5     89.0

  1990    96.3    94.9     99.7      NA       NA      98.5     98.4     94.1      NA       98.8      93.4     98.8     95.1     94.0     91.2
  1991    96.6    95.3    102.2      NA       NA      99.2     99.3     96.4     94.7     101.0      95.5     99.7     96.4     94.7     93.9
  1992   100.0   100.0    100.0      NA       NA     100.0    100.0    100.0    100.0     100.0     100.0    100.0    100.0    100.0    100.0
  1993   103.4   106.0     99.6      NA       NA     100.9    103.6    100.5     99.4      97.6     101.1    101.5    100.9    110.0    104.9
  1994   109.7   111.9    101.4      NA       NA     109.7    114.0    108.5    107.9     104.7     106.6    113.2    101.9    127.3    109.5
  1995   115.6   113.1    109.7      NA       NA     113.3    116.9    113.9    110.6     107.3     110.3    118.4    101.6    131.2    109.1
  1996   118.7   112.6    115.4      NA       NA     117.6    111.6    114.5    110.4     109.3     109.3    120.3    101.1    134.2    108.0
  1997   123.9   115.7    119.6      NA       NA     127.5    121.4    122.7    115.9     116.0     112.1    122.0    101.9    142.9    109.0
  1998   128.2   116.0    117.3      NA       NA     129.8    122.9    128.0    117.1     122.3     111.3    124.4    102.6    150.9    109.6
  1999   137.7   118.9    121.5      NA       NA     132.7    124.5    130.7    118.0       NA      111.6    127.2    102.1    155.7    113.8
  2000   147.0   120.3    130.9      NA       NA     135.1    133.4    133.5    123.8       NA      115.3      NA     102.0    163.5    120.0

NA:  Not Available

Note:  The data relate to employees (wage and salary earners) in Belgium, Denmark, and Italy
and to all employed persons (employees and self-employed workers)
in other countries.

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 21 -

Table 3.  Output in manufacturing, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                          Former West         Nether-                     United
 Year    States  Canada   Japan    Korea    Taiwan   Belgium  Denmark  France   Germany   Germany**  Italy    lands    Norway   Sweden   Kingdom

  1950     NA     22.5      2.2      NA       NA       NA      26.8     18.4      NA        14.5      10.1     16.7     38.5     30.9     49.6

  1955     NA     29.1      4.9      NA       NA       NA      29.4     22.9      NA        27.5      15.6     22.8     47.2     35.7     58.3

  1960     NA     34.0     10.7      NA       NA      30.7     40.8     31.0      NA        41.5      23.0     31.5     57.0     45.9     67.3
  1961     NA     35.4     12.9      NA       NA      32.1     43.0     33.3      NA        44.0      25.4     32.6     59.4     49.0     67.6
  1962     NA     39.3     14.0      NA       NA      34.6     46.7     35.7      NA        46.2      28.1     34.2     59.8     52.8     67.7
  1963     NA     42.0     15.6      NA       NA      36.2     47.3     38.4      NA        47.1      29.9     35.7     63.4     55.4     70.2
  1964     NA     45.9     18.1      NA       NA      39.5     52.9     42.0      NA        51.2      30.3     39.0     67.9     60.3     76.5
  1965     NA     50.5     18.8      NA       NA      40.8     56.3     44.1      NA        55.0      31.9     41.7     71.5     64.5     78.7
  1966     NA     53.9     21.3      NA       NA      43.2     57.5     48.1      NA        55.9      34.8     44.0     75.8     66.3     80.1
  1967     NA     55.0     25.6      NA       NA      43.7     58.1     50.4      NA        54.7      38.3     45.7     78.2     68.5     80.6
  1968     NA     58.1     29.5      NA       NA      46.7     62.6     53.2      NA        60.3      41.8     50.1     80.1     72.0     86.6
  1969     NA     61.9     34.4      NA       NA      52.2     66.0     59.6      NA        67.4      44.5     54.9     86.0     77.7     89.9

  1970     NA     60.0     39.2      7.0     12.7     57.6     68.0     64.1      NA        70.9      48.1     59.1     89.9     80.7     90.2
  1971     NA     63.7     41.0      8.3     15.5     60.1     69.4     68.1      NA        71.6      48.8     61.1     92.3     81.2     89.3
  1972     NA     69.2     44.7      9.5     18.9     64.7     75.3     71.3      NA        73.8      51.5     62.7     96.5     81.7     91.2
  1973     NA     76.4     50.4     12.3     22.3     70.6     79.5     76.7      NA        78.5      58.1     67.2    102.0     87.5     99.7
  1974     NA     77.9     49.1     14.3     21.0     73.4     80.7     78.2      NA        77.7      61.8     69.7    105.6     92.2     98.4
  1975     NA     71.8     46.6     16.2     22.0     67.9     78.7     76.6      NA        74.1      58.3     65.1    103.2     92.5     91.6
  1976     NA     77.9     50.6     19.9     27.0     73.0     82.5     81.1      NA        79.8      66.9     69.1    102.8     92.5     93.3
  1977    72.5    80.3     52.2     22.8     30.6     73.3     82.9     84.8      NA        81.3      69.3     72.5    102.7     87.2     95.2
  1978    76.5    84.9     53.7     27.5     37.1     74.3     82.7     86.8      NA        82.8      72.7     74.8    100.6     84.9     95.7
  1979    79.0    87.6     58.4     30.1     40.0     76.2     87.4     89.3      NA        87.1      80.3     76.7    104.7     90.3     95.5

  1980    75.8    85.2     60.4     29.9     44.0     78.2     91.3     88.7      NA        85.3      84.4     76.8    103.6     90.7     87.2
  1981    79.2    88.3     62.6     32.7     47.3     77.2     88.4     87.3      NA        84.4      81.8     77.0    101.7     88.0     81.8
  1982    74.6    78.9     64.6     34.6     48.5     80.4     89.8     88.2      NA        81.5      80.2     76.1    101.3     88.3     81.7
  1983    79.2    82.7     66.6     39.5     54.1     84.6     95.8     88.0      NA        82.7      79.6     78.5     99.9     93.9     83.5
  1984    87.6    93.2     71.0     46.0     62.2     87.2    100.3     87.0      NA        85.2      82.2     83.0    104.7    101.3     86.5
  1985    90.0    98.1     76.7     48.8     64.3     89.1    103.5     87.3      NA        88.3      84.9     85.4    108.5    102.9     89.0
  1986    88.6    98.9     75.5     57.9     74.7     89.1    103.5     87.3      NA        89.7      86.4     87.6    108.1    104.0     90.2
  1987    96.4   103.6     79.0     68.5     84.3     88.8     99.3     87.2      NA        88.0      89.0     88.8    110.7    106.6     94.5
  1988   103.2   109.9     85.3     76.7     87.7     93.3    100.8     92.2      NA        90.9      95.0     92.1    105.3    109.8    101.4
  1989   102.4   112.1     90.9     79.4     90.8     99.1    104.3     97.2      NA        94.0      98.3     96.6    101.3    110.9    105.5

  1990   101.6   107.5     97.1     86.7     90.0    101.0    102.7     99.1      NA        99.1      99.4     99.9    100.2    110.1    105.3
  1991    98.3    99.2    102.0     95.0     96.1    100.7    101.7     99.8    102.3      102.8      99.3    100.4     98.3    104.1    100.0
  1992   100.0   100.0    100.0    100.0    100.0    100.0    100.0    100.0    100.0      100.0     100.0    100.0    100.0    100.0    100.0
  1993   103.5   105.0     96.3    105.4    102.4     97.0     99.0     95.7     92.5       91.8      96.5     98.4    102.7    101.9    101.4
  1994   111.1   113.0     94.9    116.8    108.5    101.4    109.3    100.3     95.2       93.5     102.4    104.6    106.7    117.1    106.1
  1995   118.4   118.5     98.9    129.9    114.9    104.2    114.7    104.9     95.3       93.7     107.2    108.1    109.0    128.4    107.8
  1996   121.3   120.0    103.0    138.7    120.3    106.6    109.7    104.6     92.6       92.5     105.4    108.7    110.1    131.1    108.2
  1997   127.9   127.3    106.5    147.8    128.3    113.8    118.5    109.7     95.7       95.8     108.8    111.5    115.7    138.0    109.6
  1998   133.3   132.5    100.2    136.8    132.6    116.3    120.8    115.0     97.1      100.7     110.5    115.2    117.7    147.6    110.1
  1999   141.0   140.8    101.0    165.6    141.5    117.7    119.8    117.3     97.5        NA      110.2    118.7    114.0    153.6    110.1
  2000   149.5   148.8    106.9    191.1    152.0    122.0    127.4    121.2    103.0        NA      113.9      NA     110.9    163.4    111.9

NA:  Not Available

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 22 -

Table 4.  Total hours in manufacturing, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                         Former West        Nether-                     United
 Year    States  Canada   Japan    Korea    Taiwan   Belgium  Denmark  France   Germany  Germany** Italy    lands    Norway   Sweden   Kingdom

  1950    85.5    84.8      NA       NA       NA       NA     118.7    137.1      NA      109.8     83.1    148.6    156.1    158.5    202.2

  1955    94.6    89.4     57.0      NA       NA       NA     119.8    136.1      NA      139.6     92.0    159.1    164.2    167.3    220.2

  1960    92.1    88.3     77.8      NA       NA     170.7    136.5    141.2      NA      142.3    108.1    170.6    154.1    168.3    224.6
  1961    89.7    87.2     82.4      NA       NA     175.9    136.2    142.8      NA      143.9    110.3    167.1    154.9    171.0    224.7
  1962    93.4    90.3     85.2      NA       NA     180.3    140.7    144.0      NA      140.8    110.2    169.2    156.3    170.8    220.3
  1963    94.4    92.6     87.9      NA       NA     181.8    138.0    147.3      NA      138.1    114.3    169.5    157.3    169.1    216.6
  1964    96.4    97.2     90.0      NA       NA     186.5    142.6    149.1      NA      138.0    114.6    170.0    159.6    169.6    221.7
  1965   102.0   101.9     89.8      NA       NA     183.2    144.9    146.4      NA      140.0    108.2    170.4    158.5    168.8    221.5
  1966   108.6   106.8     92.8      NA       NA     181.5    140.8    147.8      NA      136.7    108.8    168.3    161.2    166.5    218.2
  1967   108.0   107.9     98.3      NA       NA     173.6    132.7    145.8      NA      125.9    113.8    162.7    160.5    158.4    209.8
  1968   109.6   108.2    101.4      NA       NA     170.9    130.9    139.3      NA      128.3    115.4    158.8    155.0    152.6    209.6
  1969   110.9   109.7    103.0      NA       NA     174.9    132.7    146.9      NA      133.8    118.5    158.5    152.1    152.5    212.4

  1970   104.4   107.1    104.4      NA       NA     174.7    129.0    148.9      NA      136.3    120.2    156.2    154.3    154.7    208.8
  1971   100.5   107.4    103.1      NA       NA     171.4    123.3    149.6      NA      132.5    120.0    152.4    153.8    149.1    196.9
  1972   105.1   110.8    102.6      NA       NA     165.2    123.8    149.8      NA      128.7    116.8    144.9    153.0    142.9    190.5
  1973   110.4   114.9    106.0      NA       NA     162.1    118.8    150.6      NA      128.4    121.7    140.2    152.5    142.5    194.1
  1974   107.9   115.5    100.6      NA       NA     160.4    116.7    150.2      NA      122.9    121.7    135.4    151.9    144.0    188.5
  1975    97.2   111.1     92.8      NA       NA     142.6    103.5    142.2      NA      112.5    118.6    128.2    150.0    142.3    179.3
  1976   101.9   111.1     95.1      NA       NA     139.4    104.7    141.8      NA      113.1    119.8    122.7    145.8    140.2    175.1
  1977   106.1   108.8     94.4      NA       NA     133.3    103.1    140.0      NA      111.8    121.5    119.1    143.6    134.2    176.9
  1978   110.6   112.8     93.4      NA       NA     127.4    101.4    137.2      NA      110.1    119.7    115.2    138.3    127.1    175.4
  1979   112.7   116.2     93.8      NA       NA     124.2    102.1    134.8      NA      111.0    120.7    112.7    134.0    125.5    173.7

  1980   107.5   114.6     95.6      NA       NA     119.7    101.1    133.2      NA      110.5    121.3    111.8    135.0    124.0    160.5
  1981   107.0   113.2     95.9      NA       NA     110.2     96.3    127.4      NA      107.1    116.4    109.4    133.0    121.0    143.3
  1982    97.9   102.0     95.1      NA       NA     109.4     97.5    120.2      NA      103.4    113.0    106.3    127.1    117.2    135.6
  1983    98.9   100.7     96.8      NA       NA     104.3     99.2    117.4      NA      100.1    108.4    101.6    121.2    116.1    128.4
  1984   105.3   103.4     99.8      NA       NA     102.6    104.4    114.2      NA       99.7    103.2     97.9    119.7    118.9    126.4
  1985   104.6   106.4    100.3      NA       NA     102.4    107.0    110.4      NA       99.1    100.8     96.7    120.2    119.4    125.2
  1986   103.0   110.5     99.2      NA       NA     101.5    113.7    108.6      NA      100.1    102.2     97.3    121.6    118.9    122.0
  1987   103.8   114.7     98.5      NA       NA     100.0    109.6    106.5      NA       99.9    103.5     97.7    118.6    119.5    121.0
  1988   106.6   121.2    101.7      NA       NA     101.5    107.2    105.4      NA       99.3    109.0     99.0    114.3    121.4    122.8
  1989   107.1   120.2    102.7      NA       NA     102.3    104.7    105.8      NA       99.3    109.8     99.8    107.1    119.0    122.4

  1990   104.8   113.5    102.9      NA       NA     104.3    103.7    105.9      NA      100.1    107.8    101.5    103.7    116.4    118.1
  1991   100.4   103.9    103.1      NA       NA     101.5    102.1    103.1    103.3     100.9    104.2    101.0    100.8    109.0    106.6
  1992   100.0   100.0    100.0      NA       NA     100.0    100.0    100.0    100.0     100.0    100.0    100.0    100.0    100.0    100.0
  1993   101.4   100.1     94.7      NA       NA      94.7     94.8     95.1     90.8      91.3     93.6     96.9    102.1     94.9     97.6
  1994   103.6   103.0     91.9      NA       NA      93.6      NA      92.4     86.6      86.7     96.8     92.4    105.2     98.1     99.1
  1995   104.0   106.4     89.1      NA       NA      92.0      NA      91.5     84.5      84.3     98.0     91.6    106.8    105.3    102.8
  1996   103.6   109.0     88.7      NA       NA      91.1      NA      90.7     80.3      80.4     96.5     90.5    107.9    105.3    104.6
  1997   105.5   112.4     88.0      NA       NA      89.7      NA      88.6     79.1      78.6     97.5     91.2    112.3    104.3    104.4
  1998   105.2   117.1     82.7      NA       NA      90.3      NA      88.8     80.2      79.3     99.4     92.2    113.6    105.8    103.6
  1999   104.3   122.6     80.3      NA       NA      91.3      NA      88.3     79.6      NA       98.6     93.0    110.6    107.1     99.4
  2000   103.4   128.0     80.6      NA       NA      91.8      NA      86.2     79.4      NA       98.5      NA     106.4    108.6     96.1

NA:  Not Available

Note:  The data relate to employees (wage and salary earners) in Belgium, Denmark, and Italy
and to all employed persons (employees and self-employed workers)
in other countries.

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 23 -

Table 5.  Employment in manufacturing, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                          Former West         Nether-                     United
 Year    States  Canada   Japan    Korea    Taiwan   Belgium  Denmark  France   Germany   Germany**  Italy    lands    Norway   Sweden   Kingdom

  1950    84.3    77.9      NA       NA       NA       NA      84.4    113.7      NA        75.2      75.4    114.1    119.2    122.0    164.7

  1955    93.1    85.3     47.8      NA       NA       NA      86.7    113.3      NA        95.5      81.4    121.8    125.1    129.7    177.1

  1960    92.6    84.8     62.8      NA       NA     135.7    104.1    116.9      NA       108.1      94.6    129.4    122.2    137.8    184.4
  1961    90.0    84.1     67.5      NA       NA     140.1    107.0    117.7      NA       111.3      97.5    132.2    124.8    141.3    186.9
  1962    92.8    86.5     71.3      NA       NA     143.3    109.7    118.9      NA       111.8     100.6    134.7    126.2    142.2    185.2
  1963    93.5    88.5     74.1      NA       NA     144.7    109.3    121.5      NA       111.0     103.8    135.4    127.7    142.4    182.3
  1964    94.9    92.5     76.4      NA       NA     148.8    112.0    123.7      NA       111.0     104.1    137.1    128.8    144.3    185.1
  1965    99.3    96.9     77.4      NA       NA     148.7    113.9    122.5      NA       113.0     101.7    137.9    130.8    144.8    187.5
  1966   105.4   102.4     79.7      NA       NA     148.5    112.8    123.2      NA       111.8     101.1    137.0    132.7    143.0    188.0
  1967   106.7   103.3     84.3      NA       NA     143.9    107.5    122.7      NA       105.8     104.4    132.9    133.5    138.3    182.2
  1968   108.5   103.8     87.2      NA       NA     141.5    108.5    120.6      NA       106.6     105.8    132.1    132.0    136.0    180.5
  1969   110.6   105.7     89.7      NA       NA     146.3    111.4    124.1      NA       111.0     109.4    133.7    132.6    138.4    183.0

  1970   106.3   103.9     91.9      NA       NA     150.2    111.9    127.3      NA       113.6     113.0    134.3    135.5    140.6    182.6
  1971   102.2   104.4     92.3      NA       NA     149.6    107.3    128.9      NA       112.9     116.0    132.2    136.4    135.9    176.4
  1972   105.0   107.7     92.3      NA       NA     147.4    110.1    130.4      NA       110.8     113.8    127.5    137.8    133.8    172.3
  1973   110.5   112.5     96.2      NA       NA     148.4    111.6    133.2      NA       111.5     117.1    125.8    138.1    135.8    173.3
  1974   110.1   113.9     95.3      NA       NA     150.7    107.6    134.6      NA       108.9     121.4    125.4    139.6    138.7    173.9
  1975   100.6   110.9     90.0      NA       NA     141.5     98.5    131.2      NA       102.2     120.4    121.0    138.6    139.8    166.0
  1976   104.2   110.7     89.5      NA       NA     135.8     99.2    130.5      NA        99.9     121.6    116.0    138.4    139.4    160.7
  1977   108.2   108.5     88.6      NA       NA     130.5     98.5    130.0      NA       100.3     123.9    113.1    138.6    134.5    161.2
  1978   112.7   111.7     87.4      NA       NA     125.0     98.0    128.4      NA       100.0     122.4    110.5    136.1    130.7    160.6
  1979   115.6   115.7     87.2      NA       NA     121.8     98.8    126.5      NA       101.2     124.3    109.3    134.2    131.0    159.6

  1980   111.6   115.1     88.9      NA       NA     119.3     97.2    125.0      NA       102.2     124.7    107.8    134.5    130.9    151.8
  1981   111.0   114.8     89.8      NA       NA     112.4     93.8    121.0      NA       100.3     119.7    105.0    132.3    127.0    138.1
  1982   103.5   104.3     89.3      NA       NA     109.2     93.6    119.1      NA        97.4     116.4    101.0    127.6    122.4    129.9
  1983   101.8   101.6     90.8      NA       NA     106.8     93.9    116.7      NA        94.1     111.7     96.4    121.0    119.9    123.3
  1984   106.8   104.4     92.7      NA       NA     105.7     99.1    113.4      NA        93.7     106.4     94.2    119.8    120.5    121.2
  1985   106.0   106.8     93.5      NA       NA     104.0    105.2    110.3      NA        94.9     104.8     95.4    120.7    122.0    120.6
  1986   104.5   110.4     93.0      NA       NA     103.0    109.1    108.3      NA        96.4     103.6     96.5    122.0    121.9    118.0
  1987   104.7   113.7     91.9      NA       NA     100.5    107.7    105.6      NA        96.4     103.1     97.4    122.0    121.1    116.9
  1988   106.6   117.6     93.9      NA       NA     100.4    105.3    104.1      NA        96.3     104.9     98.0    116.6    123.3    118.3
  1989   107.0   119.4     95.9      NA       NA     101.7    104.1    104.7      NA        97.6     105.8     99.3    108.7    121.2    118.6

  1990   105.4   113.2     97.5      NA       NA     102.5    104.3    105.4      NA       100.3     106.4    101.1    105.4    117.2    115.5
  1991   101.8   104.1     99.8      NA       NA     101.5    102.4    103.6    108.0      101.8     104.1    100.7    101.9    109.9    106.6
  1992   100.0   100.0    100.0      NA       NA     100.0    100.0    100.0    100.0      100.0     100.0    100.0    100.0    100.0    100.0
  1993   100.1    99.1     96.8      NA       NA      96.1     95.5     95.2     93.0       94.0      95.5     96.9    101.8     92.6     96.7
  1994   101.3   100.9     93.6      NA       NA      92.5     95.8     92.4     88.2       89.3      96.1     92.4    104.7     92.0     97.0
  1995   102.5   104.8     90.1      NA       NA      91.9     98.1     92.1     86.2       87.3      97.2     91.3    107.2     97.9     98.8
  1996   102.2   106.6     89.3      NA       NA      90.6     98.3     91.3     83.8       84.6      96.4     90.3    108.9     97.6    100.1
  1997   103.2   110.0     89.1      NA       NA      89.2     97.5     89.4     82.6       82.6      97.1     91.4    113.6     96.6    100.6
  1998   104.0   114.2     85.5      NA       NA      89.6     98.3     89.8     82.9       82.4      99.2     92.6    114.7     97.8    100.4
  1999   102.4   118.5     83.2      NA       NA      88.7     96.3     89.7     82.6        NA       98.8     93.4    111.6     98.7     96.8
  2000   101.7   123.7     81.7      NA       NA      90.3     95.5     90.8     83.2        NA       98.9      NA     108.7    100.0     93.2

NA:  Not Available

Note:  The data relate to employees (wage and salary earners) in Belgium, Denmark, and Italy
and to all employed persons (employees and self-employed workers)
in other countries.

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 24 -

Table 6.  Annual hours per employed person in manufacturing, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                          Former West         Nether-                     United
 Year    States  Canada   Japan    Korea    Taiwan   Belgium  Denmark  France   Germany   Germany**  Italy    lands    Norway   Sweden   Kingdom

  1950   101.4   108.8      NA       NA       NA       NA     140.7    120.6      NA       146.0     110.2    130.3    130.9    129.9    122.8

  1955   101.5   104.8    119.3      NA       NA       NA     138.2    120.1      NA       146.1     113.0    130.6    131.2    129.0    124.3

  1960    99.5   104.1    123.9      NA       NA     125.8    131.2    120.8      NA       131.7     114.3    131.9    126.1    122.1    121.8
  1961    99.6   103.6    122.0      NA       NA     125.5    127.3    121.3      NA       129.4     113.1    126.5    124.2    121.1    120.2
  1962   100.6   104.4    119.5      NA       NA     125.8    128.3    121.1      NA       126.0     109.5    125.6    123.8    120.1    119.0
  1963   100.9   104.7    118.6      NA       NA     125.7    126.3    121.2      NA       124.4     110.0    125.2    123.2    118.8    118.8
  1964   101.6   105.1    117.9      NA       NA     125.3    127.4    120.5      NA       124.3     110.0    124.0    124.0    117.5    119.8
  1965   102.7   105.2    115.9      NA       NA     123.2    127.2    119.4      NA       123.9     106.4    123.6    121.1    116.6    118.1
  1966   103.0   104.4    116.5      NA       NA     122.2    124.8    120.0      NA       122.3     107.6    122.9    121.4    116.4    116.1
  1967   101.2   104.5    116.7      NA       NA     120.7    123.4    118.9      NA       119.0     109.1    122.4    120.3    114.5    115.2
  1968   101.0   104.2    116.4      NA       NA     120.7    120.6    115.5      NA       120.4     109.1    120.2    117.4    112.2    116.1
  1969   100.2   103.9    114.8      NA       NA     119.5    119.1    118.4      NA       120.6     108.3    118.5    114.7    110.2    116.1

  1970    98.2   103.2    113.6      NA       NA     116.3    115.3    117.0      NA       119.9     106.4    116.4    113.9    110.0    114.3
  1971    98.4   102.8    111.8      NA       NA     114.6    114.9    116.1      NA       117.3     103.4    115.3    112.7    109.7    111.6
  1972   100.0   102.9    111.1      NA       NA     112.0    112.4    114.9      NA       116.2     102.7    113.6    111.0    106.8    110.6
  1973    99.9   102.1    110.2      NA       NA     109.3    106.4    113.1      NA       115.2     103.9    111.4    110.4    104.9    112.0
  1974    98.0   101.5    105.6      NA       NA     106.4    108.5    111.6      NA       112.9     100.3    108.0    108.9    103.8    108.4
  1975    96.6   100.2    103.2      NA       NA     100.7    105.1    108.3      NA       110.1      98.5    106.0    108.2    101.8    108.0
  1976    97.7   100.3    106.2      NA       NA     102.6    105.6    108.7      NA       113.2      98.5    105.8    105.4    100.6    109.0
  1977    98.1   100.3    106.5      NA       NA     102.1    104.6    107.7      NA       111.5      98.0    105.3    103.6     99.8    109.7
  1978    98.1   101.0    106.9      NA       NA     101.9    103.4    106.8      NA       110.1      97.8    104.3    101.6     97.2    109.3
  1979    97.5   100.5    107.6      NA       NA     102.0    103.3    106.6      NA       109.7      97.1    103.1     99.9     95.8    108.8

  1980    96.3    99.6    107.6      NA       NA     100.4    104.0    106.6      NA       108.1      97.3    103.7    100.4     94.8    105.7
  1981    96.4    98.7    106.8      NA       NA      98.1    102.7    105.3      NA       106.8      97.3    104.2    100.6     95.3    103.7
  1982    94.6    97.8    106.5      NA       NA     100.2    104.2    100.9      NA       106.2      97.1    105.3     99.7     95.7    104.4
  1983    97.2    99.1    106.6      NA       NA      97.7    105.6    100.6      NA       106.4      97.1    105.4    100.1     96.9    104.2
  1984    98.6    99.0    107.7      NA       NA      97.1    105.3    100.7      NA       106.4      97.1    104.0     99.9     98.6    104.3
  1985    98.7    99.6    107.3      NA       NA      98.5    101.8    100.1      NA       104.5      96.2    101.3     99.6     97.9    103.8
  1986    98.6   100.1    106.7      NA       NA      98.6    104.2    100.3      NA       103.9      98.6    100.8     99.7     97.5    103.4
  1987    99.1   100.9    107.2      NA       NA      99.4    101.8    100.9      NA       103.6     100.4    100.3     97.2     98.7    103.6
  1988   100.0   103.0    108.3      NA       NA     101.1    101.8    101.2      NA       103.2     104.0    101.1     98.0     98.5    103.8
  1989   100.0   100.7    107.1      NA       NA     100.6    100.6    101.0      NA       101.7     103.7    100.5     98.6     98.2    103.3

  1990    99.4   100.2    105.6      NA       NA     101.8     99.4    100.5      NA        99.8     101.2    100.5     98.4     99.3    102.3
  1991    98.7    99.8    103.2      NA       NA     100.0     99.7     99.5     95.6       99.1     100.1    100.2     98.9     99.2    100.1
  1992   100.0   100.0    100.0      NA       NA     100.0    100.0    100.0    100.0      100.0     100.0    100.0    100.0    100.0    100.0
  1993   101.3   101.0     97.9      NA       NA      98.5     99.2     99.9     97.6       97.0      98.0    100.0    100.3    102.6    100.9
  1994   102.2   102.0     98.1      NA       NA     101.2      NA      99.9     98.2       97.1     100.7    100.0    100.5    106.6    102.2
  1995   101.5   101.6     98.8      NA       NA     100.1      NA      99.3     98.0       96.5     100.8    100.3     99.6    107.6    104.0
  1996   101.5   102.3     99.4      NA       NA     100.5      NA      99.4     95.8       95.0     100.0    100.2     99.1    107.9    104.4
  1997   102.2   102.2     98.8      NA       NA     100.6      NA      99.1     95.8       95.2     100.4     99.8     98.9    108.0    103.8
  1998   101.2   102.6     96.7      NA       NA     100.8      NA      98.9     96.8       96.2     100.2     99.6     99.1    108.2    103.1
  1999   101.9   103.5     96.6      NA       NA     102.9      NA      98.4     96.4        NA       99.8     99.6     99.0    108.5    102.7
  2000   101.6   103.4     98.7      NA       NA     101.7      NA      95.0     95.4        NA       99.6      NA      97.9    108.7    103.1

NA:  Not Available

Note:  The data relate to employees (wage and salary earners) in Belgium, Denmark, and Italy
and to all employed persons (employees and self-employed workers)
in other countries.

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 25 -

Table 7.  Hourly compensation in manufacturing, national currency basis, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                          Former West        Nether-                     United
 Year    States  Canada*  Japan    Korea    Taiwan   Belgium  Denmark  France*  Germany   Germany**  Italy   lands    Norway   Sweden*  Kingdom*

  1950     8.7     5.4      NA       NA       NA       NA       2.5      1.6      NA         3.4      0.8      3.1      2.2      1.9      1.6

  1955    11.7     7.7      3.1      NA       NA       NA       3.4      2.8      NA         5.0      1.2      4.5      3.4      2.9      2.2

  1960    14.9    10.0      4.3      NA       NA       5.4      4.6      4.3      NA         8.1      1.6      6.4      4.7      4.1      3.0
  1961    15.3    10.2      5.0      NA       NA       5.7      5.2      4.7      NA         9.1      1.8      7.3      5.2      4.5      3.2
  1962    15.9    10.6      5.7      NA       NA       6.2      5.6      5.2      NA        10.3      2.1      7.8      5.7      5.0      3.3
  1963    16.4    11.1      6.4      NA       NA       6.8      6.1      5.7      NA        11.0      2.5      8.6      6.1      5.5      3.5
  1964    17.0    11.5      7.2      NA       NA       7.7      6.6      6.2      NA        11.9      2.6      9.9      6.5      6.0      3.7
  1965    17.4    12.2      8.1      NA       NA       8.5      7.4      6.7      NA        13.1      2.8     11.1      7.2      6.6      4.1
  1966    18.2    13.1      8.9      NA       NA       9.4      8.4      7.1      NA        14.2      3.0     12.5      7.8      7.3      4.4
  1967    19.2    13.8     10.0      NA       NA      10.3      9.4      7.6      NA        15.0      3.3     13.8      8.8      8.1      4.6
  1968    20.7    14.7     11.6      NA       NA      11.0     10.3      8.6      NA        16.1      3.5     15.4      9.6      8.8      4.9
  1969    22.2    15.9     13.8      NA       NA      12.1     11.6      9.2      NA        17.6      3.9     17.4     10.6      9.6      5.3

  1970    23.7    17.1     16.4      NA       NA      13.7     13.3     10.3      NA        20.7      4.7     20.2     11.8     10.7      6.1
  1971    25.2    18.2     19.0      NA       NA      15.9     15.2     11.6      NA        23.2      5.5     23.1     13.5     12.1      7.0
  1972    26.5    19.5     21.9      NA       NA      18.8     16.9     12.8      NA        25.6      6.1     26.5     15.2     13.5      8.1
  1973    28.5    21.2     26.7      NA       NA      22.3     20.5     14.7      NA        29.0      7.2     31.6     17.1     15.2      9.2
  1974    31.6    24.6     35.0      NA       NA      27.4     24.8     17.4      NA        33.0      9.4     37.7     20.1     17.9     11.1
  1975    35.5    28.3     40.8      NA       NA      33.1     29.6     21.3      NA        36.4     11.9     43.1     24.0     21.9     14.7
  1976    38.4    32.5     43.9      NA       NA      38.3     33.0     24.4      NA        39.1     14.7     48.1     27.7     25.7     17.1
  1977    41.8    36.1     48.5      NA       NA      41.4     36.5     27.7      NA        42.8     17.4     52.5     31.1     28.1     19.3
  1978    45.2    38.8     51.7      NA       NA      44.4     40.2     31.2      NA        45.9     20.1     56.8     34.1     31.1     22.5
  1979    49.6    42.7     55.0      NA       NA      47.2     45.0     35.4      NA        49.3     24.3     61.1     35.8     33.5     26.8

  1980    55.6    47.6     58.5      NA       NA      52.5     49.6     40.8      NA        53.6     28.5     64.4     39.0     37.3     32.3
  1981    61.1    53.8     62.6      NA       NA      57.3     54.6     47.2      NA        57.0     34.5     67.4     43.3     41.2     37.5
  1982    67.0    61.0     65.7      NA       NA      59.9     59.5     56.1      NA        60.4     40.5     71.5     48.2     44.2     41.3
  1983    68.8    65.3     67.5      NA       NA      65.7     63.6     61.9      NA        63.1     47.2     74.9     52.9     49.0     44.3
  1984    71.2    69.0     69.5      NA       NA      71.4     67.2     67.2      NA        66.0     54.1     77.7     57.9     53.2     47.8
  1985    75.1    71.9     72.4      NA       NA      75.3     71.7     72.8      NA        70.0     60.8     81.8     63.4     58.6     52.3
  1986    78.5    73.0     76.0      NA       NA      77.3     73.2     75.8      NA        72.8     63.3     85.0     69.1     63.4     57.0
  1987    80.7    74.7     77.8      NA       NA      79.7     80.1     78.6      NA        76.0     66.9     87.8     78.4     67.6     63.6
  1988    84.0    77.5     79.1      NA       NA      81.1     82.9     81.6      NA        79.1     69.3     87.7     83.3     71.8     68.0
  1989    86.6    82.6     84.0      NA       NA      85.9     87.7     86.0      NA        83.2     75.9     88.5     87.2     79.4     73.0

  1990    90.8    88.3     90.5      NA       NA      90.1     92.7     90.6      NA        89.4     84.4     90.8     92.3     87.8     81.6
  1991    95.6    95.0     96.4      NA       NA      97.3     95.9     96.2     92.2       95.1     93.7     95.2     97.5     95.5     92.0
  1992   100.0   100.0    100.0      NA       NA     100.0    100.0    100.0    100.0      100.0    100.0    100.0    100.0    100.0    100.0
  1993   102.7   102.0    102.8      NA       NA     104.8    104.6    103.0    106.4      105.9    107.5    103.7    101.5     97.4    104.5
  1994   105.6   103.7    104.9      NA       NA     106.1      NA     105.6    112.0      111.7    107.8    108.2    104.4    100.0    107.2
  1995   107.9   106.0    108.3      NA       NA     109.2      NA     108.5    118.2      117.7    112.7    110.6    109.2    106.5    107.8
  1996   109.4   107.0    109.2      NA       NA     110.9      NA     110.3    123.8      123.7    120.3    113.2    113.6    114.4    108.9
  1997   111.4   109.3    112.9      NA       NA     114.7      NA     113.0    126.3      126.6    124.9    116.2    118.7    119.4    112.9
  1998   117.4   111.6    115.8      NA       NA     116.4      NA     115.6    127.5      127.6    123.4    119.8    126.1    124.4    118.9
  1999   122.1   113.1    115.5      NA       NA     116.8      NA     118.6    129.6       NA      127.5    123.5    133.4    127.5    124.5
  2000   130.1   117.0    115.5      NA       NA     119.8      NA     124.9    134.2       NA      131.2      NA     140.1    130.7    129.1

NA:  Not Available

Note:  The data relate to employees (wage and salary earners) in Belgium, Denmark, and Italy
and to all employed persons (employees and self-employed workers)
in other countries.

* Compensation adjusted to include changes in employment taxes that are not compensation to employees,
 but are labor cost to employers.

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 26 -

Table 8.  Hourly compensation in manufacturing, U.S. dollar basis, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                          Former West        Nether-                     United
 Year    States  Canada*  Japan    Korea    Taiwan   Belgium  Denmark  France*  Germany   Germany**  Italy   lands    Norway   Sweden*  Kingdom*

  1950     8.7     6.0      NA       NA       NA       NA       2.2      2.4      NA         1.3      1.7      1.4      1.9      2.1      2.5

  1955    11.7     9.5      1.1      NA       NA       NA       3.0      4.3      NA         1.9      2.4      2.1      2.9      3.3      3.5

  1960    14.9    12.4      1.5      NA       NA       3.5      4.0      4.6      NA         3.0      3.2      3.0      4.1      4.6      4.7
  1961    15.3    12.2      1.8      NA       NA       3.7      4.5      5.1      NA         3.5      3.5      3.5      4.5      5.0      5.1
  1962    15.9    12.0      2.0      NA       NA       4.0      4.9      5.6      NA         4.0      4.1      3.8      5.0      5.6      5.3
  1963    16.4    12.4      2.2      NA       NA       4.4      5.4      6.1      NA         4.3      4.9      4.2      5.3      6.2      5.5
  1964    17.0    12.9      2.5      NA       NA       5.0      5.8      6.7      NA         4.7      5.2      4.8      5.6      6.8      5.9
  1965    17.4    13.7      2.8      NA       NA       5.5      6.4      7.2      NA         5.1      5.6      5.4      6.2      7.5      6.5
  1966    18.2    14.7      3.1      NA       NA       6.1      7.3      7.6      NA         5.5      5.9      6.1      6.8      8.2      7.0
  1967    19.2    15.4      3.5      NA       NA       6.7      8.1      8.2      NA         5.9      6.5      6.7      7.6      9.1      7.1
  1968    20.7    16.5      4.1      NA       NA       7.1      8.3      9.2      NA         6.3      7.0      7.5      8.4      9.9      6.6
  1969    22.2    17.9      4.9      NA       NA       7.7      9.3      9.4      NA         7.0      7.6      8.5      9.3     10.8      7.2

  1970    23.7    19.8      5.8      NA       NA       8.9     10.7      9.9      NA         8.9      9.3      9.8     10.3     12.0      8.3
  1971    25.2    21.7      6.9      NA       NA      10.5     12.4     11.1      NA        10.4     10.9     11.6     11.9     13.8      9.7
  1972    26.5    23.8      9.1      NA       NA      13.7     14.7     13.4      NA        12.6     12.9     14.5     14.3     16.5     11.5
  1973    28.5    25.6     12.5      NA       NA      18.5     20.5     17.5      NA        17.1     15.2     20.0     18.5     20.3     12.8
  1974    31.6    30.5     15.2      NA       NA      22.6     24.6     19.2      NA        19.9     17.8     24.7     22.6     23.5     14.7
  1975    35.5    33.7     17.4      NA       NA      29.0     31.1     26.3      NA        23.1     22.4     30.1     28.6     30.8     18.5
  1976    38.4    39.9     18.8      NA       NA      31.9     32.9     27.0      NA        24.3     21.9     32.0     31.6     34.3     17.5
  1977    41.8    41.1     22.9      NA       NA      37.1     36.7     29.8      NA        28.8     24.3     37.6     36.3     36.7     19.1
  1978    45.2    41.2     31.4      NA       NA      45.4     44.1     36.7      NA        35.8     29.2     46.2     40.4     40.2     24.5
  1979    49.6    44.0     32.0      NA       NA      51.7     51.6     44.0      NA        42.0     36.1     53.5     43.9     45.6     32.2

  1980    55.6    49.1     32.7      NA       NA      57.7     53.2     51.1      NA        46.1     41.1     57.0     49.0     51.4     42.5
  1981    61.1    54.2     36.0      NA       NA      49.5     46.2     46.0      NA        39.3     37.3     47.4     46.9     47.4     43.0
  1982    67.0    59.7     33.4      NA       NA      42.1     43.0     45.1      NA        38.8     36.8     47.1     46.4     41.0     40.9
  1983    68.8    64.0     36.0      NA       NA      41.3     42.0     43.0      NA        38.6     38.2     46.1     45.0     37.2     38.0
  1984    71.2    64.4     37.1      NA       NA      39.7     39.2     40.7      NA        36.3     38.0     42.6     44.1     37.5     36.2
  1985    75.1    63.6     38.5      NA       NA      40.8     40.9     42.9      NA        37.2     39.2     43.3     45.8     39.7     38.4
  1986    78.5    63.5     57.2      NA       NA      55.6     54.6     57.9      NA        52.4     52.3     61.1     58.0     51.8     47.3
  1987    80.7    68.1     68.2      NA       NA      68.6     70.6     69.2      NA        66.0     63.5     76.2     72.3     62.1     59.0
  1988    84.0    76.2     78.2      NA       NA      70.9     74.3     72.5      NA        70.4     65.5     78.0     79.3     68.2     68.6
  1989    86.6    84.3     77.1      NA       NA      70.1     72.3     71.4      NA        69.1     68.2     73.4     78.4     71.6     67.7

  1990    90.8    91.5     79.1      NA       NA      86.6     90.4     88.0      NA        86.4     86.8     87.7     91.7     86.4     82.5
  1991    95.6   100.1     90.8      NA       NA      91.5     90.5     90.2     86.7       89.4     93.0     89.4     93.3     91.9     92.0
  1992   100.0   100.0    100.0      NA       NA     100.0    100.0    100.0    100.0      100.0    100.0    100.0    100.0    100.0    100.0
  1993   102.7    95.5    117.3      NA       NA      97.4     97.4     96.2    100.4      100.0     84.2     98.1     88.8     72.8     88.9
  1994   105.6    91.7    130.1      NA       NA     102.1      NA     100.8    107.8      107.6     82.4    104.6     91.9     75.5     92.9
  1995   107.9    93.3    146.2      NA       NA     119.1      NA     115.1    128.9      128.3     85.2    121.2    107.1     86.9     96.4
  1996   109.4    94.8    127.2      NA       NA     115.1      NA     114.1    128.5      128.4     96.0    118.0    109.3     99.3     96.3
  1997   111.4    95.3    118.3      NA       NA     103.0      NA     102.5    113.7      114.0     90.3    104.6    104.1     91.0    104.7
  1998   117.4    90.9    112.0      NA       NA     103.0      NA     103.8    113.1      113.3     87.5    106.2    103.8     91.1    111.5
  1999   122.1    92.0    128.8      NA       NA      99.2      NA     102.0    110.3       NA       86.4    105.0    106.2     89.8    114.0
  2000   130.1    95.2    135.9      NA       NA      88.1      NA      93.0     99.0       NA       77.1      NA      98.8     83.0    110.7

NA:  Not Available

Note:  The data relate to employees (wage and salary earners) in Belgium, Denmark, and Italy
and to all employed persons (employees and self-employed workers)
in other countries

* Compensation adjusted to include changes in employment taxes that are not compensation to employees
but are labor cost to employers.

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 27 -

Table 9.  Unit labor costs in manufacturing, national currency basis, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                          Former West        Nether-                     United
 Year    States  Canada*  Japan    Korea    Taiwan   Belgium  Denmark  France*  Germany   Germany**  Italy   lands    Norway   Sweden*  Kingdom*

  1950     NA     20.5      NA       NA       NA       NA      11.0     12.0      NA        25.5      7.0     27.7      8.9      9.5      6.4

  1955     NA     23.7     36.4      NA       NA       NA      13.8     16.8      NA        25.4      7.1     31.6     11.7     13.8      8.4

  1960     NA     25.9     31.3      NA       NA      30.1     15.4     19.4      NA        27.8      7.5     34.6     12.8     15.0      9.9
  1961     NA     25.2     32.1      NA       NA      31.5     16.3     20.2      NA        29.7      7.7     37.4     13.5     15.6     10.6
  1962     NA     24.4     34.9      NA       NA      32.1     17.0     21.0      NA        31.5      8.2     38.5     14.9     16.2     10.9
  1963     NA     24.4     36.1      NA       NA      34.2     17.9     21.7      NA        32.2      9.4     40.7     15.1     16.9     10.8
  1964     NA     24.4     35.8      NA       NA      36.3     17.9     21.9      NA        32.1     10.0     43.2     15.2     16.9     10.8
  1965     NA     24.6     38.7      NA       NA      38.3     18.9     22.2      NA        33.3      9.6     45.4     15.9     17.4     11.5
  1966     NA     26.0     38.9      NA       NA      39.6     20.5     21.7      NA        34.7      9.4     47.7     16.7     18.2     12.0
  1967     NA     27.1     38.5      NA       NA      40.9     21.4     22.0      NA        34.5      9.9     49.2     18.0     18.7     11.9
  1968     NA     27.4     40.0      NA       NA      40.3     21.6     22.6      NA        34.3      9.8     48.8     18.7     18.5     11.8
  1969     NA     28.2     41.4      NA       NA      40.4     23.4     22.6      NA        35.0     10.3     50.4     18.8     18.8     12.6

  1970     NA     30.5     43.8      8.3     23.3     41.7     25.2     24.0      NA        39.8     11.8     53.3     20.3     20.6     14.2
  1971     NA     30.6     47.8      8.8     24.4     45.2     27.1     25.5      NA        42.9     13.4     57.6     22.5     22.2     15.4
  1972     NA     31.2     50.1      9.7     24.4     47.9     27.8     26.9      NA        44.7     13.9     61.2     24.1     23.6     16.9
  1973     NA     31.9     56.2     11.6     28.2     51.2     30.6     28.8      NA        47.5     15.1     65.8     25.5     24.8     18.0
  1974     NA     36.5     71.8     14.2     42.7     59.9     35.9     33.5      NA        52.1     18.5     73.2     28.9     27.9     21.2
  1975     NA     43.8     81.3     16.3     43.4     69.5     38.9     39.5      NA        55.2     24.2     84.9     34.8     33.7     28.9
  1976     NA     46.4     82.6     20.7     44.6     73.1     41.8     42.6      NA        55.4     26.4     85.5     39.3     38.9     32.1
  1977    61.2    48.9     87.6     24.4     46.4     75.3     45.4     45.7      NA        58.8     30.6     86.2     43.5     43.3     35.9
  1978    65.3    51.6     89.8     29.3     46.5     76.1     49.3     49.4      NA        61.1     33.1     87.5     46.8     46.6     41.3
  1979    70.7    56.7     88.4     35.9     52.8     76.8     52.5     53.4      NA        62.9     36.6     89.7     45.8     46.6     48.7

  1980    78.8    63.9     92.5     45.1     61.1     80.3     55.0     61.3      NA        69.4     41.0     93.7     50.8     51.0     59.4
  1981    82.4    69.0     96.0     52.1     70.9     81.7     59.5     68.9      NA        72.4     49.0     95.8     56.6     56.6     65.7
  1982    87.9    78.9     96.7     55.6     75.5     81.5     64.6     76.5      NA        76.7     57.0    100.0     60.5     58.7     68.5
  1983    86.0    79.4     98.0     59.6     73.9     81.1     65.8     82.5      NA        76.4     64.2     96.9     64.2     60.7     68.1
  1984    85.6    76.5     97.7     61.9     76.8     84.0     69.9     88.2      NA        77.3     67.9     91.6     66.3     62.5     69.8
  1985    87.3    78.0     94.6     62.1     80.0     86.5     74.2     92.0      NA        78.6     72.2     92.5     70.2     68.0     73.6
  1986    91.2    81.5     99.9     62.1     82.1     88.0     80.4     94.3      NA        81.2     74.9     94.4     77.7     72.4     77.1
  1987    86.9    82.8     97.0     66.9     82.1     89.7     88.4     96.1      NA        86.3     77.8     96.6     84.1     75.8     81.5
  1988    86.7    85.5     94.3     76.1     84.4     88.1     88.2     93.3      NA        86.5     79.4     94.2     90.4     79.4     82.3
  1989    90.5    88.6     94.9     81.5     88.3     88.7     88.1     93.5      NA        87.9     84.8     91.4     92.2     85.1     84.7

  1990    93.7    93.3     95.9     85.9     95.1     93.0     93.6     96.8      NA        90.3     91.5     92.3     95.6     92.9     91.6
  1991    97.6    99.5     97.4     95.0     96.4     98.1     96.3     99.3     93.1       93.3     98.2     95.6    100.0    100.0     98.1
  1992   100.0   100.0    100.0    100.0    100.0    100.0    100.0    100.0    100.0      100.0    100.0    100.0    100.0    100.0    100.0
  1993   100.6    97.2    101.1    103.8    100.9    102.3    100.1    102.4    104.5      105.3    104.3    102.1    100.9     90.8    100.6
  1994    98.5    94.5    101.5    108.2    101.9     97.9     93.0     97.2    101.9      103.6    101.9     95.6    102.9     83.8    100.0
  1995    94.8    95.2     97.6    120.4    102.1     96.4     93.8     94.6    104.7      105.9    103.0     93.7    107.0     87.4    102.9
  1996    93.5    97.2     94.0    126.5    101.6     94.7    100.9     95.7    107.4      107.5    110.0     94.2    111.4     91.9    105.3
  1997    91.9    96.5     93.3    116.1    100.0     90.5     96.9     91.3    104.4      103.9    111.9     95.1    115.2     90.2    107.6
  1998    92.7    98.6     95.5    113.6    101.4     90.3     98.7     89.3    105.3      100.4    111.1     95.9    121.7     89.2    111.8
  1999    90.4    98.4     91.8     99.2     98.9     90.6    101.9     89.3    105.9       NA      114.0     96.7    129.5     88.8    112.4
  2000    89.9   100.6     87.1     96.6     96.6     90.2     99.0     88.9    103.4       NA      113.4      NA     134.5     86.9    110.9

NA:  Not Available

Note:  The data relate to employees (wage and salary earners) in Korea, Taiwan, Belgium, Denmark, and Italy
and to all employed persons (employees and self-employed workers)
in other countries.

* Compensation adjusted to include changes in employment taxes that are not compensation to employees,
but are labor cost to employers.

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 28 -

Table 10.  Unit labor costs in manufacturing, U.S. dollar basis, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                          Former West        Nether-                     United
 Year    States  Canada*  Japan    Korea    Taiwan   Belgium  Denmark  France*  Germany   Germany**  Italy   lands    Norway   Sweden*  Kingdom*

  1950     NA     22.7      NA       NA       NA       NA       9.6     18.1      NA         9.5     13.8     12.8      7.8     10.7     10.1

  1955     NA     29.1     12.8      NA       NA       NA      12.0     25.3      NA         9.4     14.1     14.6     10.2     15.5     13.3

  1960     NA     32.2     11.0      NA       NA      19.4     13.5     20.9      NA        10.4     14.9     16.1     11.2     16.9     15.8
  1961     NA     30.1     11.3      NA       NA      20.3     14.3     21.8      NA        11.6     15.3     18.1     11.8     17.6     16.8
  1962     NA     27.6     12.3      NA       NA      20.7     14.9     22.7      NA        12.3     16.2     18.8     12.9     18.3     17.3
  1963     NA     27.3     12.7      NA       NA      22.0     15.7     23.4      NA        12.6     18.7     19.9     13.1     18.9     17.1
  1964     NA     27.3     12.5      NA       NA      23.5     15.6     23.6      NA        12.6     19.7     21.1     13.2     19.1     17.1
  1965     NA     27.6     13.6      NA       NA      24.8     16.5     24.0      NA        13.0     18.9     22.2     13.8     19.6     18.2
  1966     NA     29.1     13.6      NA       NA      25.6     17.9     23.4      NA        13.6     18.5     23.2     14.5     20.6     19.0
  1967     NA     30.3     13.5      NA       NA      26.5     18.5     23.7      NA        13.5     19.5     24.0     15.6     21.1     18.5
  1968     NA     30.7     14.1      NA       NA      25.9     17.4     24.1      NA        13.4     19.3     23.7     16.2     20.9     16.0
  1969     NA     31.7     14.6      NA       NA      25.9     18.8     23.1      NA        13.9     20.3     24.4     16.4     21.1     17.1

  1970     NA     35.3     15.5     21.0     14.7     27.0     20.3     23.0      NA        17.1     23.2     25.9     17.6     23.1     19.3
  1971     NA     36.6     17.4     19.9     15.3     29.9     22.1     24.5      NA        19.3     26.8     29.0     19.9     25.3     21.4
  1972     NA     38.1     21.0     19.5     15.4     35.0     24.1     28.2      NA        21.9     29.3     33.5     22.7     28.9     23.9
  1973     NA     38.6     26.3     22.8     18.6     42.4     30.7     34.3      NA        28.0     31.9     41.6     27.6     33.1     24.9
  1974     NA     45.1     31.2     27.6     28.3     49.5     35.6     36.9      NA        31.5     35.1     48.0     32.5     36.7     28.1
  1975     NA     52.0     34.8     26.4     28.7     60.9     40.9     48.8      NA        35.1     45.6     59.2     41.5     47.4     36.3
  1976     NA     56.9     35.3     33.6     29.6     60.9     41.8     47.3      NA        34.4     39.1     56.9     44.8     52.0     32.8
  1977    61.2    55.6     41.5     39.5     30.8     67.6     45.7     49.3      NA        39.6     42.7     61.8     50.8     56.4     35.5
  1978    65.3    54.7     54.6     47.5     31.6     77.8     54.1     58.0      NA        47.6     48.0     71.2     55.5     60.1     44.8
  1979    70.7    58.5     51.3     58.2     36.9     84.2     60.3     66.5      NA        53.6     54.2     78.6     56.2     63.3     58.5

  1980    78.8    66.1     51.8     58.3     42.7     88.3     58.9     76.7      NA        59.6     59.0     82.9     63.9     70.2     78.3
  1981    82.4    69.6     55.2     60.0     48.4     70.6     50.4     67.1      NA        49.9     53.1     67.4     61.3     65.1     75.2
  1982    87.9    77.2     49.2     59.6     48.5     57.2     46.7     61.5      NA        49.3     51.9     65.8     58.2     54.4     67.8
  1983    86.0    77.9     52.3     60.3     46.4     51.0     43.4     57.3      NA        46.7     52.1     59.7     54.7     46.1     58.4
  1984    85.6    71.4     52.2     60.1     48.8     46.8     40.8     53.4      NA        42.4     47.7     50.2     50.5     44.0     52.8
  1985    87.3    69.0     50.3     56.5     50.4     46.9     42.3     54.2      NA        41.7     46.6     49.0     50.8     46.1     54.1
  1986    91.2    70.9     75.2     55.1     54.6     63.4     60.0     72.0      NA        58.5     61.9     67.8     65.3     59.2     64.0
  1987    86.9    75.4     85.0     63.5     65.1     77.2     77.9     84.6      NA        74.9     73.9     83.8     77.5     69.6     75.6
  1988    86.7    84.0     93.2     81.3     74.2     77.0     79.0     82.8      NA        76.9     75.2     83.8     86.1     75.4     83.0
  1989    90.5    90.4     87.1     94.8     84.1     72.3     72.6     77.6      NA        73.0     76.1     75.8     82.9     76.8     78.5

  1990    93.7    96.6     83.8     94.9     88.9     89.5     91.3     94.0      NA        87.3     94.1     89.1     95.0     91.3     92.5
  1991    97.6   104.9     91.7    101.1     90.6     92.3     90.8     93.1     87.6       87.8     97.5     89.9     95.7     96.3     98.2
  1992   100.0   100.0    100.0    100.0    100.0    100.0    100.0    100.0    100.0      100.0    100.0    100.0    100.0    100.0    100.0
  1993   100.6    91.0    115.4    101.1     96.1     95.1     93.2     95.6     98.6       99.4     81.6     96.6     88.3     67.8     85.5
  1994    98.5    83.6    125.9    105.2     96.9     94.2     88.3     92.8     98.2       99.8     77.9     92.4     90.7     63.2     86.8
  1995    94.8    83.8    131.7    122.3     96.9    105.2    101.1    100.4    114.2      115.5     77.9    102.7    105.0     71.3     91.9
  1996    93.5    86.1    109.6    123.3     93.0     98.3    105.0     99.0    111.5      111.6     87.9     98.3    107.1     79.8     93.0
  1997    91.9    84.2     97.7     95.8     87.4     81.2     88.6     82.8     94.0       93.5     80.9     85.6    101.0     68.8     99.8
  1998    92.7    80.4     92.4     63.7     76.0     80.0     88.9     80.1     93.5       89.1     78.8     85.0    100.2     65.3    104.9
  1999    90.4    80.0    102.4     65.4     76.9     76.9     88.0     76.8     90.1       NA       77.3     82.2    103.1     62.5    102.9
  2000    89.9    81.8    102.5     67.0     77.7     66.4     73.8     66.2     76.2       NA       66.6      NA      94.8     55.2     95.2

NA:  Not Available

Note:  The data relate to employees (wage and salary earners) in Korea, Taiwan, Belgium, Denmark, and Italy
and to all employed persons (employees and self-employed workers)
in the other countries.

* Compensation adjusted to include changes in employment taxes that are not compensation to employees,
   but are labor costs to employers.

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 29 -

Table 11.  Exchange rates, 14 countries or areas, 1950-2000 (Value of foreign currency relative to U.S. dollar)
(Indexes:  1992=100)

         United                                                                          Former West        Nether-                     United
 Year    States  Canada   Japan    Korea    Taiwan   Belgium  Denmark  France   Germany   Germany** Italy    lands    Norway   Sweden   Kingdom

  1950   100.0   110.5     35.2      NA       NA       NA      87.5    151.3      NA        37.2    197.3     46.2     87.1    112.6    158.6

  1955   100.0   122.5     35.2      NA       NA       NA      87.4    151.2      NA        37.1    197.1     46.1     87.0    112.6    158.0

  1960   100.0   124.6     35.2      NA       NA      64.5     87.6    107.9      NA        37.4    198.4     46.6     87.1    112.7    159.0
  1961   100.0   119.4     35.1      NA       NA      64.5     87.4    107.9      NA        38.9    198.4     48.5     87.0    112.7    158.6
  1962   100.0   113.1     35.1      NA       NA      64.6     87.5    108.0      NA        39.1    198.5     48.8     87.1    113.0    159.0
  1963   100.0   112.0     35.1      NA       NA      64.5     87.4    108.0      NA        39.2    198.2     48.8     86.9    112.3    158.5
  1964   100.0   112.0     35.0      NA       NA      64.6     87.3    108.0      NA        39.3    197.3     48.8     86.8    113.1    158.1
  1965   100.0   112.1     35.1      NA       NA      64.8     87.3    108.0      NA        39.1    197.2     48.8     86.9    112.9    158.3
  1966   100.0   112.2     35.0      NA       NA      64.5     87.4    107.7      NA        39.1    197.3     48.6     86.9    112.8    158.1
  1967   100.0   112.0     35.0      NA       NA      64.7     86.5    107.6      NA        39.2    197.4     48.8     86.9    112.9    155.7
  1968   100.0   112.2     35.2      NA       NA      64.4     80.7    106.9      NA        39.1    197.7     48.6     87.0    112.7    135.5
  1969   100.0   112.2     35.4      NA       NA      64.1     80.3    102.2      NA        39.8    196.4     48.5     87.0    112.7    135.3

  1970   100.0   115.8     35.4    252.7     62.9     64.7     80.5     95.7      NA        42.8    196.5     48.6     86.9    112.3    135.6
  1971   100.0   119.7     36.5    226.0     62.9     66.2     81.6     96.1      NA        44.9    199.3     50.4     88.3    114.1    138.4
  1972   100.0   122.0     41.8    199.7     62.9     73.0     86.8    104.9      NA        49.0    211.1     54.8     94.3    122.5    141.6
  1973   100.0   120.8     46.8    197.0     65.8     82.8    100.2    119.3      NA        59.0    211.8     63.3    108.2    133.8    138.8
  1974   100.0   123.6     43.5    194.0     66.2     82.7     99.3    110.1      NA        60.5    189.4     65.5    112.6    131.4    132.5
  1975   100.0   118.8     42.7    162.1     66.2     87.6    105.3    123.6      NA        63.6    188.9     69.7    119.2    140.6    125.8
  1976   100.0   122.6     42.8    162.1     66.2     83.3     99.9    110.9      NA        62.1    148.4     66.6    113.9    133.7    102.2
  1977   100.0   113.7     47.3    162.1     66.2     89.7    100.6    107.7      NA        67.3    139.6     71.7    116.8    130.4     98.8
  1978   100.0   106.0     60.8    162.1     67.9    102.3    109.6    117.6      NA        77.9    145.2     81.4    118.6    129.0    108.6
  1979   100.0   103.2     58.1    162.1     69.8    109.6    114.8    124.4      NA        85.2    148.3     87.7    122.7    135.9    120.2

  1980   100.0   103.4     55.9    129.2     69.8    110.0    107.1    125.3      NA        85.9    143.9     88.5    125.8    137.7    131.7
  1981   100.0   100.8     57.5    115.2     68.3     86.4     84.6     97.3      NA        69.0    108.2     70.4    108.2    115.0    114.6
  1982   100.0    97.9     50.9    107.2     64.3     70.2     72.4     80.5      NA        64.3     91.0     65.8     96.2     92.7     99.0
  1983   100.0    98.1     53.4    101.1     62.8     62.9     66.0     69.5      NA        61.2     81.1     61.6     85.1     75.9     85.8
  1984   100.0    93.3     53.4     97.1     63.5     55.7     58.3     60.6      NA        54.9     70.2     54.8     76.2     70.4     75.7
  1985   100.0    88.5     53.2     91.0     63.1     54.2     57.0     58.9      NA        53.1     64.5     53.0     72.3     67.7     73.5
  1986   100.0    87.0     75.3     88.7     66.5     72.0     74.6     76.4      NA        72.0     82.6     71.8     84.0     81.7     83.1
  1987   100.0    91.1     87.7     95.0     79.2     86.1     88.2     88.0      NA        86.9     95.0     86.8     92.2     91.8     92.8
  1988   100.0    98.2     98.9    106.8     87.9     87.4     89.6     88.8      NA        88.9     94.6     88.9     95.2     94.9    100.8
  1989   100.0   102.1     91.8    116.4     95.3     81.6     82.5     83.0      NA        83.0     89.8     82.9     89.9     90.2     92.7

  1990   100.0   103.6     87.4    110.4     93.5     96.2     97.5     97.2      NA        96.6    102.8     96.6     99.4     98.4    101.0
  1991   100.0   105.5     94.2    106.5     94.0     94.0     94.3     93.7     94.0       94.0     99.3     93.9     95.7     96.3    100.1
  1992   100.0   100.0    100.0    100.0    100.0    100.0    100.0    100.0    100.0      100.0    100.0    100.0    100.0    100.0    100.0
  1993   100.0    93.7    114.1     97.4     95.2     93.0     93.1     93.4     94.4       94.4     78.3     94.6     87.5     74.7     85.0
  1994   100.0    88.4    124.1     97.2     95.1     96.2     95.0     95.4     96.3       96.3     76.5     96.7     88.1     75.5     86.7
  1995   100.0    88.1    134.9    101.5     95.0    109.1    107.8    106.2    109.1      109.1     75.6    109.6     98.1     81.6     89.4
  1996   100.0    88.6    116.5     97.5     91.6    103.8    104.1    103.5    103.8      103.8     79.9    104.3     96.2     86.8     88.4
  1997   100.0    87.3    104.7     82.5     87.4     89.8     91.3     90.7     90.0       90.0     72.3     90.1     87.7     76.2     92.7
  1998   100.0    81.5     96.8     56.0     75.0     88.5     90.1     89.7     88.8       88.8     70.9     88.7     82.3     73.3     93.8
  1999   100.0    81.3    111.5     65.9     77.8     84.9     86.4     86.0     85.1       85.1     67.8     85.0     79.6     70.4     91.6
  2000   100.0    81.4    117.6     69.4     80.5     73.6     74.6     74.5     73.7       NA       58.7     73.7     70.5     63.5     85.8

NA:  Not Available

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 30 -

Table 12.  Annual compensation per employed person in manufacturing, national currency basis, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                          Former West        Nether-                     United
 Year    States  Canada*  Japan    Korea    Taiwan   Belgium  Denmark  France*  Germany   Germany**  Italy   lands    Norway   Sweden*  Kingdom*

  1950     8.8     5.9      NA       NA       NA       NA       3.5      1.9      NA         4.9      0.9      4.0      2.9      2.4      1.9

  1955    11.8     8.1      3.7      NA       NA       NA       4.7      3.4      NA         7.3      1.4      5.9      4.4      3.8      2.8

  1960    14.8    10.4      5.3      NA       NA       6.8      6.0      5.1      NA        10.7      1.8      8.4      6.0      5.0      3.6
  1961    15.2    10.6      6.1      NA       NA       7.2      6.6      5.7      NA        11.8      2.0      9.2      6.4      5.4      3.8
  1962    16.0    11.1      6.9      NA       NA       7.8      7.2      6.3      NA        13.0      2.3      9.8      7.0      6.0      4.0
  1963    16.5    11.6      7.6      NA       NA       8.6      7.8      6.9      NA        13.7      2.7     10.7      7.5      6.6      4.2
  1964    17.3    12.1      8.5      NA       NA       9.6      8.5      7.4      NA        14.8      2.9     12.3      8.0      7.1      4.5
  1965    17.9    12.8      9.4      NA       NA      10.5      9.4      8.0      NA        16.2      3.0     13.8      8.7      7.7      4.8
  1966    18.8    13.7     10.4      NA       NA      11.5     10.4      8.5      NA        17.4      3.2     15.3      9.5      8.5      5.1
  1967    19.4    14.4     11.7      NA       NA      12.4     11.6      9.0      NA        17.8      3.6     16.9     10.5      9.2      5.2
  1968    20.9    15.4     13.6      NA       NA      13.3     12.5     10.0      NA        19.4      3.9     18.5     11.3      9.8      5.7
  1969    22.2    16.5     15.8      NA       NA      14.4     13.8     10.9      NA        21.3      4.2     20.7     12.2     10.5      6.2

  1970    23.3    17.6     18.7      NA       NA      16.0     15.3     12.1      NA        24.8      5.0     23.5     13.5     11.8      7.0
  1971    24.8    18.7     21.2      NA       NA      18.2     17.5     13.5      NA        27.2      5.6     26.6     15.3     13.3      7.8
  1972    26.5    20.1     24.3      NA       NA      21.0     19.0     14.7      NA        29.8      6.3     30.1     16.8     14.4      9.0
  1973    28.5    21.7     29.4      NA       NA      24.3     21.8     16.6      NA        33.4      7.5     35.2     18.9     16.0     10.3
  1974    31.0    25.0     37.0      NA       NA      29.2     26.9     19.5      NA        37.2      9.4     40.7     21.8     18.6     12.0
  1975    34.3    28.4     42.1      NA       NA      33.3     31.1     23.0      NA        40.0     11.7     45.7     25.9     22.3     15.9
  1976    37.6    32.7     46.7      NA       NA      39.3     34.8     26.5      NA        44.3     14.5     50.9     29.2     25.8     18.6
  1977    41.0    36.2     51.6      NA       NA      42.3     38.2     29.8      NA        47.7     17.1     55.3     32.2     28.1     21.2
  1978    44.3    39.2     55.2      NA       NA      45.2     41.6     33.4      NA        50.6     19.6     59.2     34.6     30.3     24.6
  1979    48.4    42.9     59.2      NA       NA      48.1     46.5     37.7      NA        54.1     23.6     62.9     35.7     32.1     29.1

  1980    53.5    47.3     62.9      NA       NA      52.7     51.6     43.5      NA        57.9     27.8     66.7     39.1     35.3     34.1
  1981    58.8    53.1     66.9      NA       NA      56.1     56.1     49.7      NA        60.9     33.5     70.2     43.6     39.2     38.9
  1982    63.3    59.7     70.0      NA       NA      60.0     62.0     56.6      NA        64.1     39.3     75.3     48.1     42.3     43.1
  1983    66.9    64.7     71.9      NA       NA      64.2     67.2     62.3      NA        67.2     45.8     78.9     53.0     47.5     46.1
  1984    70.2    68.3     74.9      NA       NA      69.3     70.8     67.7      NA        70.3     52.5     80.7     57.9     52.5     49.9
  1985    74.1    71.6     77.7      NA       NA      74.1     73.0     72.8      NA        73.1     58.5     82.9     63.1     57.4     54.3
  1986    77.4    73.0     81.1      NA       NA      76.2     76.3     76.0      NA        75.6     62.5     85.7     68.9     61.8     58.9
  1987    80.0    75.4     83.4      NA       NA      79.2     81.5     79.3      NA        78.8     67.2     88.1     76.3     66.8     65.9
  1988    84.0    79.9     85.7      NA       NA      81.9     84.4     82.6      NA        81.7     72.0     88.6     81.6     70.7     70.6
  1989    86.7    83.2     89.9      NA       NA      86.4     88.2     86.9      NA        84.6     78.8     89.0     86.0     77.9     75.3

  1990    90.2    88.5     95.5      NA       NA      91.7     92.1     91.0      NA        89.2     85.4     91.2     90.9     87.2     83.5
  1991    94.3    94.8     99.5      NA       NA      97.3     95.6     95.7     88.2       94.3     93.8     95.4     96.4     94.7     92.1
  1992   100.0   100.0    100.0      NA       NA     100.0    100.0    100.0    100.0      100.0    100.0    100.0    100.0    100.0    100.0
  1993   104.1   103.0    100.6      NA       NA     103.2    103.8    102.9    103.9      102.8    105.4    103.7    101.8     99.9    105.5
  1994   108.0   105.8    102.9      NA       NA     107.4    106.0    105.5    109.9      108.5    108.6    108.2    104.9    106.6    109.5
  1995   109.5   107.6    107.1      NA       NA     109.2    109.7    107.7    115.8      113.6    113.7    110.9    108.8    114.6    112.2
  1996   111.0   109.5    108.5      NA       NA     111.5    112.6    109.6    118.6      117.6    120.3    113.4    112.6    123.4    113.8
  1997   113.9   111.7    111.6      NA       NA     115.4    117.7    112.0    121.0      120.5    125.4    115.9    117.4    128.9    117.2
  1998   118.8   114.4    112.0      NA       NA     117.3    121.3    114.4    123.4      122.8    123.7    119.3    124.9    134.6    122.6
  1999   124.5   117.0    111.6      NA       NA     120.2    126.9    116.7    125.0       NA      127.3    123.0    132.1    138.2    127.8
  2000   132.2   121.0    114.1      NA       NA     121.8    132.1    118.6    128.1       NA      130.7      NA     137.2    142.1    133.1

NA:  Not Available

Note:  The data relate to employees (wage and salary earners) in Belgium, Denmark, and Italy
and to all employed persons (employees and self-employed workers)
in the other countries.

* Compensation adjusted to include changes in employment taxes that are not compensation to employees,
  but are labor costs to employers.

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 31 -

Table 13.  Real hourly compensation in manufacturing, CPI basis, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                          Former West        Nether-                     United
 Year    States  Canada   Japan    Korea    Taiwan   Belgium  Denmark  France   Germany   Germany**  Italy   lands    Norway   Sweden   Kingdom

  1950    46.8    37.0      NA       NA       NA       NA      28.6     19.8      NA        11.7     17.2     17.1     26.3     25.3     25.9

  1955    56.5    46.5     18.2      NA       NA       NA      31.9     26.7      NA        15.9     20.1     21.2     29.5     30.5     28.2

  1960    65.2    54.6     23.1      NA       NA      24.5     38.7     30.1      NA        23.6     24.1     26.4     36.4     35.4     33.1
  1961    66.4    55.5     25.5      NA       NA      25.7     41.7     32.2      NA        25.8     26.1     29.8     38.7     37.9     34.3
  1962    68.3    56.9     27.3      NA       NA      27.2     42.5     34.1      NA        28.4     29.4     31.1     40.4     40.4     34.5
  1963    69.4    58.3     28.4      NA       NA      29.4     43.9     35.4      NA        29.4     32.4     33.1     42.0     43.4     35.4
  1964    71.4    59.6     30.7      NA       NA      31.9     45.7     37.2      NA        31.1     32.7     36.3     42.5     45.7     36.6
  1965    71.8    61.7     32.1      NA       NA      34.0     47.7     39.4      NA        33.1     33.5     39.1     45.0     48.1     38.2
  1966    73.0    63.8     33.7      NA       NA      36.0     50.8     40.6      NA        34.7     34.8     41.4     47.7     49.5     39.7
  1967    74.6    64.9     36.3      NA       NA      38.3     53.0     42.6      NA        36.1     37.0     44.3     51.0     52.6     40.7
  1968    77.1    66.6     40.1      NA       NA      39.8     54.0     46.4      NA        38.3     39.0     47.6     54.3     56.0     41.8
  1969    78.4    68.9     45.2      NA       NA      42.0     58.7     47.6      NA        41.1     41.7     50.2     58.1     58.9     43.1

  1970    79.4    71.5     49.9      NA       NA      46.1     62.9     50.9      NA        46.7     48.3     56.0     58.3     61.8     46.5
  1971    80.7    73.9     54.3      NA       NA      51.0     68.3     54.2      NA        49.8     53.2     59.5     62.9     64.1     48.4
  1972    82.2    75.7     59.6      NA       NA      57.2     71.0     56.3      NA        52.3     56.4     63.3     65.8     67.5     52.1
  1973    83.4    76.6     65.2      NA       NA      63.5     78.8     60.0      NA        55.4     59.9     69.7     69.0     69.8     54.3
  1974    83.4    80.2     69.4      NA       NA      69.3     82.8     62.8      NA        58.9     65.7     75.9     74.0     74.8     56.2
  1975    85.6    83.2     72.3      NA       NA      74.3     90.0     68.4      NA        61.3     70.9     79.0     79.1     83.6     60.4
  1976    87.7    88.8     71.2      NA       NA      78.8     92.1     71.5      NA        63.1     75.4     80.9     83.9     88.4     60.1
  1977    89.6    91.2     72.6      NA       NA      79.4     91.8     74.2      NA        66.7     76.3     82.8     86.3     86.1     58.5
  1978    90.5    89.9     74.3      NA       NA      81.5     91.9     76.6      NA        69.9     78.3     86.0     87.4     88.9     62.7
  1979    90.9    90.6     76.2      NA       NA      82.9     93.7     78.4      NA        72.2     82.7     88.6     87.6     89.9     65.6

  1980    91.6    91.6     75.2      NA       NA      86.5     92.1     79.6      NA        74.6     80.0     87.4     86.0     87.7     67.2
  1981    92.1    92.0     76.8      NA       NA      87.7     90.7     81.3      NA        74.6     82.0     85.7     84.1     86.3     70.0
  1982    95.4    94.1     78.4      NA       NA      84.4     89.7     86.3      NA        75.0     82.7     86.1     84.1     85.1     70.5
  1983    94.1    95.2     79.0      NA       NA      86.0     89.7     87.0      NA        76.0     84.1     87.7     85.1     84.5     72.4
  1984    93.6    96.4     79.6      NA       NA      87.8     89.2     87.8      NA        77.7     87.0     88.1     87.7     85.2     74.3
  1985    95.5    96.6     81.2      NA       NA      88.3     90.9     89.7      NA        80.7     89.6     90.7     90.8     87.4     76.6
  1986    98.1    94.1     84.8      NA       NA      89.6     89.6     91.0      NA        84.1     88.1     94.2     92.4     90.4     80.7
  1987    97.5    92.3     86.7      NA       NA      90.9     94.1     91.6      NA        87.7     88.8     97.6     96.4     92.4     86.5
  1988    97.9    92.1     87.5      NA       NA      91.4     93.2     92.7      NA        90.3     87.6     96.6     96.0     94.1     88.1
  1989    96.8    93.4     90.9      NA       NA      94.0     94.1     94.2      NA        92.3     90.4     96.6     96.1     98.3     87.7

  1990    96.6    94.7     95.0      NA       NA      95.2     96.9     96.0      NA        96.6     94.3     96.6     97.7     97.6     89.7
  1991    98.1    96.3     98.0      NA       NA      99.7     98.0     98.8     96.9       99.1     98.5     98.2     99.8     97.3     95.4
  1992   100.0   100.0    100.0      NA       NA     100.0    100.0    100.0    100.0      100.0    100.0    100.0    100.0    100.0    100.0
  1993   100.2   100.2    101.4      NA       NA     102.0    103.3    100.9    101.9      102.1    102.9    101.0     99.2     95.3    102.9
  1994   100.8   101.6    102.8      NA       NA     100.9      NA     101.7    104.3      104.8     99.2    102.6    100.6     95.8    103.0
  1995   100.4   101.7    106.3      NA       NA     102.3      NA     102.7    108.2      108.7     98.6    102.9    102.7     97.6    100.2
  1996    99.1   101.1    107.0      NA       NA     101.8      NA     102.4    111.9      112.8    101.1    103.2    105.6    103.6     98.8
  1997    98.8   101.6    108.7      NA       NA     103.6      NA     103.7    112.1      113.3    102.9    103.7    107.5    106.9     99.3
  1998   102.7   102.8    110.8      NA       NA     104.1      NA     105.4    112.0      113.3     99.8    104.8    111.7    110.6    101.1
  1999   104.6   102.4    110.9      NA       NA     103.3      NA     107.6    113.2       NA      101.4    105.7    115.6    109.4    104.2
  2000   107.8   103.1    111.7      NA       NA     103.3      NA     111.3    115.0       NA      101.8      NA     117.7    115.8    105.0

NA:  Not Available

Note:  The data relate to employees (wage and salary earners) in Belgium, Denmark, and Italy
and to all employed persons (employees and self-employed workers)
in the other countries.

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 32 -

Table 14.  Real annual compensation per employed person in manufacturing, CPI basis, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                          Former West        Nether-                     United
 Year    States  Canada   Japan    Korea    Taiwan   Belgium  Denmark  France   Germany   Germany**  Italy   lands    Norway   Sweden   Kingdom

  1950    47.4    40.3      NA       NA       NA       NA      40.2     23.9      NA        17.2     19.0     22.3     34.5     32.8     31.7

  1955    57.4    48.7     21.7      NA       NA       NA      44.0     32.1      NA        23.3     22.7     27.7     38.7     39.4     35.1

  1960    64.9    56.8     28.6      NA       NA      30.8     50.8     36.4      NA        31.0     27.5     34.8     45.9     43.2     40.4
  1961    66.2    57.5     31.2      NA       NA      32.2     53.1     39.1      NA        33.4     29.5     37.7     48.1     45.9     41.2
  1962    68.7    59.4     32.6      NA       NA      34.2     54.5     41.2      NA        35.8     32.2     39.0     50.0     48.5     41.1
  1963    70.1    61.0     33.6      NA       NA      37.0     55.4     42.9      NA        36.5     35.7     41.5     51.8     51.5     42.1
  1964    72.5    62.7     36.2      NA       NA      39.9     58.3     44.8      NA        38.7     35.9     45.0     52.7     53.7     43.8
  1965    73.7    64.9     37.2      NA       NA      41.9     60.7     47.1      NA        41.0     35.6     48.3     54.5     56.0     45.1
  1966    75.2    66.6     39.3      NA       NA      44.0     63.4     48.8      NA        42.4     37.4     50.9     57.9     57.6     46.1
  1967    75.5    67.8     42.3      NA       NA      46.2     65.4     50.6      NA        42.9     40.4     54.3     61.3     60.3     46.9
  1968    77.9    69.4     46.6      NA       NA      48.1     65.1     53.6      NA        46.1     42.5     57.2     63.7     62.9     48.6
  1969    78.6    71.5     51.8      NA       NA      50.2     69.9     56.3      NA        49.5     45.2     59.6     66.6     64.9     50.0

  1970    78.0    73.7     56.7      NA       NA      53.6     72.5     59.6      NA        56.0     51.4     65.2     66.4     68.0     53.2
  1971    79.4    76.0     60.7      NA       NA      58.5     78.5     62.9      NA        58.4     55.1     68.6     70.9     70.3     54.0
  1972    82.3    77.9     66.2      NA       NA      64.1     79.8     64.7      NA        60.7     58.0     72.0     73.0     72.1     57.6
  1973    83.3    78.3     71.8      NA       NA      69.4     83.9     67.9      NA        63.8     62.2     77.7     76.1     73.2     60.8
  1974    81.7    81.4     73.3      NA       NA      73.8     89.8     70.1      NA        66.5     65.9     81.9     80.5     77.6     61.0
  1975    82.7    83.4     74.6      NA       NA      74.8     94.6     74.1      NA        67.4     69.9     83.7     85.6     85.1     65.2
  1976    85.7    89.1     75.6      NA       NA      80.8     97.2     77.7      NA        71.5     74.3     85.6     88.4     89.0     65.5
  1977    87.9    91.4     77.4      NA       NA      81.1     96.0     80.0      NA        74.3     74.8     87.3     89.4     86.0     64.1
  1978    88.8    90.8     79.4      NA       NA      83.1     95.0     81.8      NA        76.9     76.6     89.7     88.8     86.5     68.5
  1979    88.6    91.1     82.0      NA       NA      84.6     96.8     83.6      NA        79.2     80.2     91.4     87.5     86.1     71.3

  1980    88.3    91.2     80.9      NA       NA      86.9     95.7     84.9      NA        80.7     77.9     90.6     86.3     83.1     71.0
  1981    88.7    90.8     82.0      NA       NA      86.0     93.2     85.6      NA        79.7     79.8     89.3     84.6     82.2     72.7
  1982    90.2    92.0     83.5      NA       NA      84.5     93.5     87.2      NA        79.7     80.2     90.6     83.8     81.4     73.6
  1983    91.4    94.3     84.3      NA       NA      84.0     94.7     87.4      NA        80.9     81.6     92.4     85.2     81.8     75.4
  1984    92.3    95.4     85.8      NA       NA      85.3     93.9     88.5      NA        82.7     84.5     91.6     87.7     84.0     77.5
  1985    94.2    96.2     87.2      NA       NA      87.0     92.5     89.8      NA        84.3     86.2     91.9     90.4     85.5     79.6
  1986    96.7    94.2     90.5      NA       NA      88.3     93.3     91.3      NA        87.3     86.9     95.0     92.1     88.1     83.4
  1987    96.7    93.2     92.9      NA       NA      90.4     95.8     92.4      NA        90.9     89.2     98.0     93.7     91.2     89.6
  1988    97.9    94.9     94.8      NA       NA      92.4     94.9     93.8      NA        93.2     91.1     97.7     94.1     92.7     91.4
  1989    96.9    94.1     97.4      NA       NA      94.5     94.6     95.2      NA        93.9     93.7     97.1     94.7     96.5     90.6

  1990    96.0    94.9    100.3      NA       NA      96.9     96.3     96.5      NA        96.4     95.5     97.0     96.2     96.9     91.7
  1991    96.8    96.1    101.2      NA       NA      99.7     97.6     98.3     92.7       98.2     98.6     98.4     98.7     96.6     95.5
  1992   100.0   100.0    100.0      NA       NA     100.0    100.0    100.0    100.0      100.0    100.0    100.0    100.0    100.0    100.0
  1993   101.5   101.2     99.3      NA       NA     100.5    102.5    100.8     99.4       99.1    100.8    101.0     99.5     97.7    103.9
  1994   103.0   103.6    100.9      NA       NA     102.1    102.6    101.7    102.4      101.7     99.9    102.6    101.2    102.1    105.3
  1995   101.9   103.3    105.1      NA       NA     102.3    104.0    102.0    106.1      104.9     99.4    103.2    102.4    105.0    104.2
  1996   100.5   103.4    106.4      NA       NA     102.3    104.6    101.8    107.2      107.2    101.2    103.4    104.6    111.8    103.2
  1997   101.0   103.8    107.5      NA       NA     104.2    107.0    102.8    107.3      107.9    103.4    103.5    106.3    115.5    103.1
  1998   103.9   105.4    107.2      NA       NA     104.9    108.2    104.2    108.4      109.0    100.0    104.4    110.7    119.7    104.2
  1999   106.6   105.9    107.1      NA       NA     106.4    110.6    105.8    109.1       NA      101.2    105.3    114.4    118.7    107.0
  2000   109.6   106.7    110.3      NA       NA     105.1    111.7    105.8    109.8       NA      101.4      NA     115.2    125.9    108.2

NA:  Not Available

Note:  The data relate to employees (wage and salary earners) in Belgium, Denmark, and Italy
and to all employed persons (employees and self-employed workers)
in the other countries.

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.
- 33 -

Table 15.  Total labor compensation in manufacturing, 14 countries or areas, 1950-2000
(Indexes:  1992=100)

         United                                                                          Former West        Nether-                     United
 Year    States  Canada*  Japan    Korea    Taiwan   Belgium  Denmark  France*  Germany   Germany**  Italy   lands    Norway   Sweden*  Kingdom*

  1950     7.4     4.6      NA       NA       NA       NA       2.9      2.2      NA         3.7       .7      4.6      3.4      2.9      3.2

  1955    11.0     6.9      1.8      NA       NA       NA       4.1      3.8      NA         7.0      1.1      7.2      5.5      4.9      4.9

  1960    13.7     8.8      3.4      NA       NA       9.2      6.3      6.0      NA        11.6      1.7     10.9      7.3      6.9      6.7
  1961    13.7     8.9      4.1      NA       NA      10.1      7.0      6.7      NA        13.1      2.0     12.2      8.0      7.7      7.2
  1962    14.8     9.6      4.9      NA       NA      11.1      7.9      7.5      NA        14.5      2.3     13.2      8.9      8.5      7.4
  1963    15.4    10.2      5.6      NA       NA      12.4      8.5      8.3      NA        15.2      2.8     14.5      9.6      9.3      7.6
  1964    16.4    11.2      6.5      NA       NA      14.3      9.5      9.2      NA        16.4      3.0     16.9     10.4     10.2      8.3
  1965    17.8    12.4      7.3      NA       NA      15.6     10.7      9.8      NA        18.3      3.1     19.0     11.4     11.2      9.0
  1966    19.8    14.0      8.3      NA       NA      17.1     11.8     10.5      NA        19.4      3.3     21.0     12.6     12.1      9.6
  1967    20.7    14.9      9.8      NA       NA      17.9     12.5     11.1      NA        18.9      3.8     22.5     14.0     12.8      9.6
  1968    22.6    15.9     11.8      NA       NA      18.8     13.5     12.0      NA        20.7      4.1     24.4     14.9     13.4     10.2
  1969    24.6    17.5     14.2      NA       NA      21.1     15.4     13.5      NA        23.6      4.6     27.7     16.2     14.6     11.3

  1970    24.8    18.3     17.1       .6      3.0     24.0     17.1     15.4      NA        28.2      5.7     31.5     18.2     16.6     12.8
  1971    25.3    19.5     19.6       .7      3.8     27.2     18.8     17.3      NA        30.7      6.5     35.2     20.8     18.0     13.8
  1972    27.8    21.6     22.4       .9      4.6     31.0     20.9     19.2      NA        33.0      7.1     38.4     23.2     19.3     15.4
  1973    31.5    24.4     28.3      1.4      6.3     36.1     24.3     22.1      NA        37.3      8.8     44.2     26.1     21.7     17.9
  1974    34.2    28.5     35.3      2.0      9.0     43.9     28.9     26.2      NA        40.5     11.4     51.0     30.5     25.7     20.9
  1975    34.5    31.5     37.9      2.6      9.5     47.2     30.6     30.2      NA        40.9     14.1     55.3     35.9     31.2     26.4
  1976    39.2    36.1     41.8      4.1     12.1     53.4     34.5     34.6      NA        44.2     17.7     59.1     40.4     36.0     29.9
  1977    44.4    39.3     45.7      5.6     14.2     55.2     37.7     38.8      NA        47.8     21.2     62.5     44.7     37.7     34.2
  1978    50.0    43.8     48.2      8.1     17.3     56.5     40.8     42.8      NA        50.6     24.0     65.5     47.1     39.6     39.5
  1979    55.9    49.6     51.6     10.8     21.2     58.6     45.9     47.7      NA        54.8     29.4     68.8     48.0     42.1     46.5

  1980    59.7    54.5     55.9     13.5     26.9     62.8     50.2     54.3      NA        59.2     34.6     72.0     52.6     46.3     51.8
  1981    65.3    60.9     60.1     17.0     33.6     63.1     52.6     60.1      NA        61.0     40.1     73.8     57.6     49.8     53.7
  1982    65.6    62.2     62.5     19.2     36.6     65.5     58.0     67.4      NA        62.5     45.7     76.1     61.3     51.8     56.0
  1983    68.1    65.7     65.3     23.6     40.0     68.6     63.1     72.7      NA        63.2     51.1     76.1     64.1     56.9     56.9
  1984    75.0    71.3     69.4     28.5     47.8     73.2     70.2     76.7      NA        65.9     55.8     76.1     69.4     63.2     60.4
  1985    78.5    76.5     72.6     30.3     51.4     77.1     76.8     80.3      NA        69.4     61.3     79.0     76.2     70.0     65.5
  1986    80.8    80.6     75.4     35.9     61.4     78.5     83.2     82.3      NA        72.9     64.7     82.7     84.0     75.4     69.5
  1987    83.8    85.7     76.6     45.8     69.2     79.7     87.7     83.8      NA        76.0     69.2     85.8     93.0     80.8     77.0
  1988    89.5    94.0     80.4     58.4     74.0     82.3     88.9     86.0      NA        78.6     75.5     86.8     95.2     87.2     83.5
  1989    92.8    99.3     86.3     64.7     80.2     87.9     91.8     90.9      NA        82.6     83.3     88.3     93.4     94.5     89.3

  1990    95.1   100.2     93.1     74.5     85.6     94.0     96.1     95.9      NA        89.5     90.9     92.2     95.7    102.3     96.4
  1991    96.0    98.6     99.4     90.2     92.6     98.8     98.0     99.2     95.2       96.0     97.6     96.1     98.3    104.1     98.1
  1992   100.0   100.0    100.0    100.0    100.0    100.0    100.0    100.0    100.0      100.0    100.0    100.0    100.0    100.0    100.0
  1993   104.2   102.1     97.4    109.4    103.4     99.2     99.1     97.9     96.6       96.6    100.6    100.5    103.6     92.5    102.0
  1994   109.4   106.8     96.3    126.4    110.6     99.3    101.6     97.5     97.0       96.8    104.3    100.0    109.9     98.1    106.2
  1995   112.2   112.8     96.5    156.5    117.2    100.4    107.6     99.2     99.8       99.2    110.5    101.3    116.6    112.2    110.9
  1996   113.4   116.7     96.9    175.5    122.2    101.0    110.7    100.0     99.5       99.4    116.0    102.5    122.6    120.4    113.9
  1997   117.5   122.9     99.4    171.6    128.3    102.9    114.8    100.2     99.9       99.5    121.7    106.0    133.3    124.5    117.9
  1998   123.5   130.7     95.7    155.5    134.5    105.1    119.2    102.7    102.3      101.2    122.7    110.4    143.3    131.6    123.2
  1999   127.4   138.6     92.8    164.3    139.9    106.6    122.2    104.7    103.2       NA      125.7    114.8    147.5    136.5    123.7
  2000   134.5   149.7     93.2    184.6    146.8    110.0    126.2    107.7    106.5       NA      129.2      NA     149.1    142.0    124.1

NA:  Not Available

Note:  The data relate to employees (wage and salary earners) in Korea, Taiwan, Belgium, Denmark, and Italy
and to all employed persons (employees and self-employed workers)
in the other countries.

* Compensation adjusted to include changes in employment taxes that are not compensation to employees,
   but are labor costs to employers.

** See note on Germany in box on page 5.

Source:  U.S. Department of Labor, Bureau of Labor Statistics, August 2001.