Jobless recovery – the role of multinationals
Posted in Economy on May 8th, 2012 by Paul Deng – Be the first to commentWSJ research reveals that the largest U.S.-based multinational companies added jobs much faster than other U.S. employers in the past two years, but nearly three-fourths of those jobs were overseas.
Between 2009 and 2011, these multinational firms boosted their employment at home by 3.1%, or 113,000 jobs, the same rate of increase as the nation’s other employers. But they also added more than 333,000 jobs in their far-flung—and faster-growing— foreign operations.
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