press release
American companies hired 1.4 million workers abroad in 2010; EmploymentCrossing finds 426,000 jobs.
December 29, 2010 | 
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The Economic Policy Institute says that American companies hired around one million people within the country, but 1.4 million people aboard. Most of the multinationals are experiencing record profits and increased sales.
Caterpillar Inc., for example, has hired around 15,000 people, but over half the hires have been outside the country. UPS is also hiring abroad as both companies have seen increased demand overseas. Most big firms have seen a good year in profits too. Only 4 percent of the top 500 U.S. companies did not report a profit in 2010. The stock market has also bounced back and is near its 2008 high before the financial crisis.
The nationwide unemployment rate is still 9.8%, with several estimates putting it even higher. This is because underemployed people are counted separately while 99ers (people unemployed for over 99 weeks) are not counted at all. EmploymentCrossing CEO A. Harrison Barnes says that even if American companies are hiring abroad, they are still hiring locally in key markets. Most of these jobs are in the retail and hospitality industry, which are the only two main industries hiring in significant numbers. EmploymentCrossing has been able to find 426,000 jobs in the last seven days.
Contact:
Roger Croft
Editorial Coordinator
Employment Research Institute
626-243-1814
rogerc@employmentresearchinstitute.com
About EmploymentCrossing:
EmploymentCrossing is part of the Employment Research Institute, which is one of the most powerful and comprehensive organizations dedicated to helping professionals find jobs that will enhance their careers. Employment Research Institute consists of hundreds of industry-specific and location-specific job boards which consolidates every job opening it can find in one convenient location. The website also offers a seventy two-hour free trial to new members.
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Only EmploymentCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.
- We have more jobs than any other job board.
- We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
- We collect jobs from more than 4,429,376 websites and post them on our site.
- We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.
