Been looking all over the place for the millions of jobs the United States has lost in recent years. Finally found some of them today: They went overseas! Unfortunately,new data out from the Commerce Dept. is no surprise. The Daily Labor Report(subscription required) summarizes Commerce’s new findings:
In 2008, the first year of the recession, U.S. nonbank multinational corporations reduced employment domestically by 2.1 percent, while expanding jobs at foreign operations by 1.1 percent, the Commerce Department’s Bureau of Economic Analysis said Aug. 18.
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