"Insourcing" Employment Rises

Although some recent political debates have focused on ways the U.S. does NOT benefit from the global economy, today the Commerce Department released some numbers illustrating how we DO benefit.  According to the latest stats, in 2006 U.S. employment at American subsidiaries of companies based abroad rose to 5.3 million workers, an increase of almost 2 percent from the year before.  What's more, these companies spent $141 billion on capital expenditures on equipment, plants and property in the United States, a rise of over 20 percent from the previous year - which fueled a significant amount of much needed U.S. economic activity.    For the Commerce Department press release click here.