Friday, April 20, 2007
[IWS] BEA: U.S. MULTINATIONAL COMPANIES: EMPLOYMENT, SALES, & CAPITAL EXPENDITURES 2005 [19 Aprile 2007]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Bureau of Economic Analysis (BEA)
Summary Estimates for Multinational Companies: Employment, Sales, and Capital Expenditures for 2005 [19 April 2007]
http://www.bea.gov/newsreleases/international/mnc/mncnewsrelease.htm
or
http://www.bea.gov/newsreleases/international/mnc/2007/pdf/mnc2005.pdf
[full-text, 8 pages]
or
http://www.bea.gov/newsreleases/international/mnc/2007/xls/mnc2005.xls
[spreadsheet]
U.S. multinational companies (MNCs) employed 30.5 million workers
worldwide in 2005, of which 21.5 million were employed in the United
States by U.S. parent companies and 9.1 million were employed abroad
by their majority-owned foreign affiliates. The employment in the
United States by U.S. parents accounted for almost one-fifth of total
U.S. employment in private industries. Worldwide capital expenditures
by U.S. MNCs totaled $478.1 billion; capital expenditures in the United
States by U.S. parents accounted for $340.8 billion and capital
expenditures abroad by majority-owned foreign affiliates accounted
for $137.3 billion. Sales by U.S. parent companies totaled $7,606.1
billion, and those by majority-owned foreign affiliates totaled
$3,761.9 billion.
Majority-owned U.S. affiliates of foreign MNCs employed 5.1 million
workers in 2005, accounting for 4.5 percent of total U.S. employment
in private industries. Capital expenditures by these affiliates
totaled $120.9 billion and their sales totaled $2,507.6 billion.
Worldwide employment by U.S. MNCs increased 1.8 percent in 2005,
following a 2.2-percent increase in 2004. Employment in the United
States by U.S. parent companies increased 1.1 percent, following a
0.6-percent increase. Employment abroad by the majority-owned
foreign affiliates of U.S. MNCs increased 3.6 percent, following a
6.1-percent increase. Employment in the United States by
majority-owned U.S. affiliates of foreign MNCs decreased 0.7 percent
in 2005, following a 2.0-percent decrease in 2004.
Worldwide capital expenditures of U.S. MNCs increased 15.2 percent in
2005, following a decrease of 2.4 percent in 2004. The increase
reflected a 15.3-percent increase in capital spending in the United
States by U.S. parent companies, following a decrease of 6.3 percent;
capital spending abroad by majority-owned foreign affiliates increased
14.9 percent, following a 9.0-percent increase. For majority-owned U.S.
affiliates of foreign MNCs, capital expenditures increased 7.1 percent
in 2005, following a 3.5-percent increase in 2004.
Sales by U.S. parent companies increased 8.7 percent, following a
6.9-percent increase in 2004, and sales by majority-owned foreign
affiliates increased 14.4 percent, following a 14.8-percent increase.
Sales by majority-owned U.S. affiliates of foreign MNCs increased 8.8
percent, following an increase of 8.6 percent.
Employment in the United States by U.S. parent companies accounted for
70 percent of the worldwide employment of U.S. MNCs in 2005, down from
71 percent in 2004. The U.S.-parent share of the worldwide capital
expenditures of U.S. MNCs in 2005 was 71 percent, the same share as
in 2004.
The U.S.-parent share of MNC activity can change for a number of
reasons, and the changes do not uniformly correspond to either
additions to, or subtractions from, employment and capital expenditures
in the United States. Examples of factors other than production
shifting that might be associated with a change in the parent and
affiliate shares of MNC activity include different rates of economic
growth in the United States and in specific markets where investment
is occurring abroad, or the creation of new market opportunities
abroad that cannot be served by exports from the United States.
Additional discussion of data and analytical considerations may be
found in "A Note on Patterns of Production and Employment by U.S.
Multinational Companies," in the March 2004 issue of the Survey of
Current Business.
Revisions.--The MNC estimates for 2004 presented in this release
supercede preliminary estimates that were released in the
second half of 2006. For U.S. parent companies, the estimates of
employment were revised down 0.6 percent, the estimates of capital
expenditures were revised down 4.3 percent, and the estimates of
sales were revised up 0.7 percent. For majority-owned foreign
affiliates, the estimates of employment were revised up 1.5 percent,
the estimates of capital expenditures were revised down 2.9 percent,
and the estimates of sales were revised up 1.5 percent. For
majority-owned U.S. affiliates of foreign MNCs, the estimates of
employment were revised up 0.5 percent, the estimates of capital
expenditures were revised up 4.4 percent, and the estimates of sales
were revised up 0.1 percent. The upward revision for capital
expenditures by majority-owned U.S. affiliates was largely due to late
reports for newly acquired affiliates, including companies in
automotive equipment rental and leasing (see definition of capital
expenditures in the technical note).
AND MORE...including TABLES...
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
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
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Bureau of Economic Analysis (BEA)
Summary Estimates for Multinational Companies: Employment, Sales, and Capital Expenditures for 2005 [19 April 2007]
http://www.bea.gov/newsreleases/international/mnc/mncnewsrelease.htm
or
http://www.bea.gov/newsreleases/international/mnc/2007/pdf/mnc2005.pdf
[full-text, 8 pages]
or
http://www.bea.gov/newsreleases/international/mnc/2007/xls/mnc2005.xls
[spreadsheet]
U.S. multinational companies (MNCs) employed 30.5 million workers
worldwide in 2005, of which 21.5 million were employed in the United
States by U.S. parent companies and 9.1 million were employed abroad
by their majority-owned foreign affiliates. The employment in the
United States by U.S. parents accounted for almost one-fifth of total
U.S. employment in private industries. Worldwide capital expenditures
by U.S. MNCs totaled $478.1 billion; capital expenditures in the United
States by U.S. parents accounted for $340.8 billion and capital
expenditures abroad by majority-owned foreign affiliates accounted
for $137.3 billion. Sales by U.S. parent companies totaled $7,606.1
billion, and those by majority-owned foreign affiliates totaled
$3,761.9 billion.
Majority-owned U.S. affiliates of foreign MNCs employed 5.1 million
workers in 2005, accounting for 4.5 percent of total U.S. employment
in private industries. Capital expenditures by these affiliates
totaled $120.9 billion and their sales totaled $2,507.6 billion.
Worldwide employment by U.S. MNCs increased 1.8 percent in 2005,
following a 2.2-percent increase in 2004. Employment in the United
States by U.S. parent companies increased 1.1 percent, following a
0.6-percent increase. Employment abroad by the majority-owned
foreign affiliates of U.S. MNCs increased 3.6 percent, following a
6.1-percent increase. Employment in the United States by
majority-owned U.S. affiliates of foreign MNCs decreased 0.7 percent
in 2005, following a 2.0-percent decrease in 2004.
Worldwide capital expenditures of U.S. MNCs increased 15.2 percent in
2005, following a decrease of 2.4 percent in 2004. The increase
reflected a 15.3-percent increase in capital spending in the United
States by U.S. parent companies, following a decrease of 6.3 percent;
capital spending abroad by majority-owned foreign affiliates increased
14.9 percent, following a 9.0-percent increase. For majority-owned U.S.
affiliates of foreign MNCs, capital expenditures increased 7.1 percent
in 2005, following a 3.5-percent increase in 2004.
Sales by U.S. parent companies increased 8.7 percent, following a
6.9-percent increase in 2004, and sales by majority-owned foreign
affiliates increased 14.4 percent, following a 14.8-percent increase.
Sales by majority-owned U.S. affiliates of foreign MNCs increased 8.8
percent, following an increase of 8.6 percent.
Employment in the United States by U.S. parent companies accounted for
70 percent of the worldwide employment of U.S. MNCs in 2005, down from
71 percent in 2004. The U.S.-parent share of the worldwide capital
expenditures of U.S. MNCs in 2005 was 71 percent, the same share as
in 2004.
The U.S.-parent share of MNC activity can change for a number of
reasons, and the changes do not uniformly correspond to either
additions to, or subtractions from, employment and capital expenditures
in the United States. Examples of factors other than production
shifting that might be associated with a change in the parent and
affiliate shares of MNC activity include different rates of economic
growth in the United States and in specific markets where investment
is occurring abroad, or the creation of new market opportunities
abroad that cannot be served by exports from the United States.
Additional discussion of data and analytical considerations may be
found in "A Note on Patterns of Production and Employment by U.S.
Multinational Companies," in the March 2004 issue of the Survey of
Current Business.
Revisions.--The MNC estimates for 2004 presented in this release
supercede preliminary estimates that were released in the
second half of 2006. For U.S. parent companies, the estimates of
employment were revised down 0.6 percent, the estimates of capital
expenditures were revised down 4.3 percent, and the estimates of
sales were revised up 0.7 percent. For majority-owned foreign
affiliates, the estimates of employment were revised up 1.5 percent,
the estimates of capital expenditures were revised down 2.9 percent,
and the estimates of sales were revised up 1.5 percent. For
majority-owned U.S. affiliates of foreign MNCs, the estimates of
employment were revised up 0.5 percent, the estimates of capital
expenditures were revised up 4.4 percent, and the estimates of sales
were revised up 0.1 percent. The upward revision for capital
expenditures by majority-owned U.S. affiliates was largely due to late
reports for newly acquired affiliates, including companies in
automotive equipment rental and leasing (see definition of capital
expenditures in the technical note).
AND MORE...including TABLES...
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
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
****************************************
# posted by SBasefsky : 8:59 AM
