Hourly compensation costs are converted to U.S. dollars using the average daily exchange rate for the reference period. The exchange rates used are prevailing commercial market exchange rates as published by either the U.S. Federal Reserve Board or the International Monetary Fund. Compensation relates to production workers and nonproduction workers other than those in managerial, executive, professional, and higher supervisory positions. Average of selected manufacturing industries. The industries covered accounted for about 70 percent of all persons employed in manufacturing in 1988.
Compensation excludes overtime pay.
Excludes workers in establishments considered handicraft manufacturers. In 1986, handicraft employment was about 35 percent of all manufacturing employment. Average compensation per employee was about 10 percent lower in manufacturing including handicrafts than in manufacturing excluding handicrafts. Includes workers in mining and electrical power plants. Excludes workers in establishments considered handicraft manufacturers.