Jobs around the World

Economy Watch - Big US companies adding jobs ... overseas: "A Wall Street Journal analysis of 35 companies based in the United States that employ more than 50,000 people found that they collectively added 446,000 jobs between 2009 and 2011, around three quarters of which were overseas. During that period, 60 percent of their revenue growth came from overseas.
Labor economists say this presents a mixed bag for American workers. The approximately 334,000 jobs created overseas aren't coming at the expense of the domestic labor market, as in the case of offshoring. They were probably responsible for some job creation here.
"Jobs will be added both places and not at the expense of each other," said Hal Sirkin, a senior partner at Boston Consulting Group. "A lot of the know-how is in the United States, so it will create domestic jobs because you'll hire people to manage" the overseas expansion, he said. "

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