Atlanta Fed: The Potential Impact of Offshore Jobs on US Unemployment

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At the Macroblog, Dave Altig, senior vice president and research director at the Atlanta Fed, takes a look at the impact of offshoring on unemployment.  Looking at a variety of industries and their jobs data, Altig found significant shifts in what he labels "other industries."  For example:

Altig writes:

Sixty-nine percent of the foreign employment growth by U.S. multinationals from 1999 to 2008 was in the "other industries" category, and 87 percent of that growth was in three types of industries: retail trade; administration, support, and waste management; and accommodation of food services. Some fraction of these jobs, no doubt, reflect "offshoring" in the usual sense. But it is also true that these are types of industries that are more likely than many others to represent production for local (or domestic) demand as opposed to production for export to the United States.

Read Is offshoring behind U.S. employment's current problems? here.


Posted 05-05-2011 7:47 AM by Graham Griffith
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