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U.S. Companies Created More Jobs Overseas in 2010

HeadlineDec 29, 2010

A new study by the Economic Policy Institute has found that U.S.-based companies created more jobs overseas this year than they did inside the United States. Overseas, 1.4 million jobs were created, versus less than one million within the United States. At the firm DuPont, the number of U.S. employees has shrunk by nine percent since 2005, while its work force grew by 54 percent in Asia-Pacific countries. At Caterpillar, more than half of the 15,000 people hired this year were outside the United States.

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