Tuesday, April 19, 2005
[IWS] BEA: MULTINATIONAL COMPANIES: EMPLOYMENT, SALES, & CAPITAL EXPENDITURES 2003 [19 April 2005]
IWS Documented News Service
_______________________________
Institute for Workplace Studies
School of Industrial & Labor Relations
Cornell University
16 East 34th Street, 4th floor
New York, NY 10016
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Bureau of Economic Analysis (BEA)
Summary Estimates for Multinational Companies:
Employment, Sales, and Capital Expenditures for 2003 [19 April 2005]
http://www.bea.gov/bea/newsrelarchive/2005/mnc2003.htm
or
http://www.bea.gov/bea/newsrelarchive/2005/mnc2003.pdf
[full-text, 9 pages]
and
http://www.bea.gov/bea/newsrelarchive/2005/mnc2003.xls
[spreadsheet]
U.S. multinational companies (MNCs) employed 30.1 million workers worldwide
in 2003, of which 21.8 million were employed in the United States by U.S. parent
companies and 8.4 million were employed abroad by majority-owned foreign affiliates.
The employment of U.S. parents accounted for about one-fifth of total U.S. employment
in private industries. Capital expenditures by U.S. MNCs totaled $435.7 billion; U.S.
parents accounted for $319.3 billion and majority-owned foreign affiliates accounted for
$116.4 billion. Sales by U.S. parent companies totaled $6,614.3 billion, and those by
majority-owned foreign affiliates totaled $2,948.5 billion.
Majority-owned U.S. affiliates of foreign MNCs employed 5.2 million workers in
2003, accounting for 5 percent of total U.S. employment in private industries. Capital
expenditures by these affiliates totaled $109.0 billion and their sales totaled $2,130.7
billion.
For both U.S. MNCs and the majority-owned U.S. affiliates of foreign MNCs,
employment decreased for the third consecutive year in 2003. Employment by U.S.
MNCs decreased 1.2 percent in 2003, following a 1.9-percent decrease in 2002 and a 3.0-
percent decrease in 2001. U.S. parent companies more than accounted for the decreases
in all three years; their employment decreased 2.1 percent in 2003, following a 3.0-
percent decrease in 2002 and a 4.1-percent decrease in 2001. Employment by
majority-owned foreign affiliates of U.S. MNCs increased 1.2 percent in 2003, following
a 1.0-percent increase in 2002 and a 0.1-percent increase in 2001. Employment by
majority-owned U.S. affiliates of foreign MNCs decreased 3.5 percent in 2003, following
a 3.0-percent decrease in 2002 and a 1.1-percent decrease in 2001. During the same
period, total U.S. employment in private industries decreased 0.4 percent in 2003,
following decreases of 1.3 percent in 2002 and 0.4 percent in 2001.
AND MUCH MORE...including TABLES....
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Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
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