Academic journal article Monthly Labor Review

The October Review

Academic journal article Monthly Labor Review

The October Review

Article excerpt

In today's global economy, the prevalence of multinational companies located in the United States should come as no surprise. What may be of surprise, however, is that these often overlooked establishments employ millions of U.S. workers across the country and in a variety of industries and occupations. In this issue's lead article, BLS authors Elizabeth Weber Handwerker, Mina M. Kim, and Lowell Mason present details on the employment, wages, and geographic and occupational distributions of U.S.-based multinational manufacturing establishments. The findings, coming out of a joint BEA-BLS research project, indicate that these manufacturing establishments are located primarily in the South, employ a disproportionate number of engineers, and pay higher wages, on average, than other U.S. establishments. The authors state that the uncertainty as to why U.S.-based multinational manufacturing establishments pay higher wages is not known, but that further research could help explain this difference, and other differences, between domestic and multinational firms.

In our Regional Reports department, Rachel S. Friedman, formerly an economist in the Bureau's New York Regional Office for Economic Analysis and Information, analyzes the labor market effects of the real estate boom and bust on New York City from 2000 to 2010. …

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