Thirty-five major U.S. corporations added jobs overseas at three times the rate they added U.S. jobs over the last two years; Wal-Mart, the largest private employer in the U.S., added 100,000 foreign jobs while its U.S. headcount remained flat
May 1, 2012
– Thirty-five major U.S.-based corporations added jobs faster than other U.S. companies over the past two years, but nearly three of four of the jobs were not in the U.S., according to an analysis by The Wall Street Journal published April 27.
The companies, which included Wal-Mart Stores Inc., International Paper Co., Honeywell International Inc. and United Parcel Service Inc., added overseas jobs at three times the rate they added U.S. jobs, the analysis found. All of the companies sureyed have a minimum of 50,000 workers.
The companies employed roughly 6.4 million workers globally in 2011, up 7.7% from 2009. During that time, the total number of U.S. jobs grew 3.1%, The Journal reported, citing U.S. Dept. of Labor statistics.
Wal-Mart, the U.S.'s largest private employer, added 100,000 jobs outside the U.S. in 2011. Since 2007, its U.S. employee count has remained flat, at 1.4 million.
The primary source of this article is The Wall Street Journal, New York, New York, on