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BEA: Summary Estimates for Multinational Companies: Employment, Sales, and Capital Expenditures for 2008

Summary Estimates for Multinational Companies: Employment, Sales, and Capital Expenditures for 2008 – “The following are advance summary estimates of the employment, capital spending, and sales activity of U.S. multinational companies (comprising both their U.S. and foreign operations) and the corresponding activity of foreign multinational companies in the United States. U.S. multinational companies: U.S. and foreign operations.”

  • Worldwide employment by U.S. multinational companies (MNCs) decreased 0.4 percent in 2008, to 33.4 million workers, resulting from mostly offsetting changes in the United States and abroad. Employment in the United States by U.S. parent companies decreased 1.3 percent, to 22.9 million workers. On a comparable basis, total
    private-industry employment in the United States decreased 0.7 percent in 2008. The employment by U.S. parents accounted for almost one-fifth of total U.S. employment in private industries. Abroad, employment by the majority-owned foreign affiliates of U.S. MNCs increased 1.7 percent, to 10.5 million workers. Worldwide capital expenditures by U.S. MNCs increased 4.1 percent in 2008, to $708.2 billion. Capital expenditures in the United States by U.S. parent companies increased 2.3 percent, to $519.7 billion. Capital expenditures abroad by their majority owned foreign affiliates increased 9.1 percent, to $188.5 billion.”

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