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U.S. Firms Add Jobs, but Mostly Overseas

Wall Street Journal (04/26/12) Scott Thurm

A Wall Street Journal analysis of 35 large U.S.-based multinational companies found they are creating jobs faster than other U.S. firms. Although close to 75% of the new jobs were overseas, 16 of the firms also added jobs in the U.S. Moreover, economists say the jobs created abroad are not related to efforts to shift work overseas to reduce costs but are related to increasing sales in emerging markets. They also point out that these companies support U.S. jobs in sales, engineering, and management when they boost overseas hiring.