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U.S. Firms Shipped Millions of Jobs Overseas in 2000s

HeadlineApr 19, 2011

In economic news, new data from the U.S. Department of Commerce shows the largest U.S. multinational companies cut their work forces in the United States by 2.9 million over the past 10 years, while increasing employment overseas by 2.4 million. In 2009, the contrast was most stark. U.S. companies cut 1.2 million jobs at home while adding 100,000 jobs overseas.

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