Other countries benefit from US jobs

St Petersburg News.Net Sunday 29th April, 2012

With corporate profits in the US hitting some historic highs, multinational companies are choosing to take some of their jobs offshore.


Big businesses are reinvesting less into the domestic economy while concentrating on growing jobs in emerging economies.

The Wall Street Journal has estimated three quarters of recently created US jobs went overseas, with American companies going where profits are more readily made.

An analysis of over 30 middle sized to large companies based in the United States found that they collectively added 446,000 jobs between 2009 and 2011.

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