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Policy / ECONOMY

Report: American-Based Multinational Companies Add Jobs, but Mostly Outside U.S.

photo of Kenneth Chamberlain
April 26, 2012

Although 35 large U.S.-based, multinational companies hired workers much faster than other American companies during the past two years, most of the new jobs were overseas, The Wall Street Journal reports. 

The companies mainly created the overseas jobs to take advantage of sales outside the United States and not to cut costs by shifting the companies’ workforces to nations with cheaper labor, according to economists cited by The Journal.

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