Many U.S. companies are hiring ... overseas. One reason why U.S. unemployment remains as high as it is

By PALLAVI GOGOI
The Associated Press

updated 12/28/2010 6:15:56 PM ET 2010-12-28T23:15:56

Actually, many American companies are — just maybe not in your town. They're hiring overseas, where sales are surging and the pipeline of orders is fat.

More than half of the 15,000 people that Caterpillar Inc. has hired this year were outside the U.S. UPS is also hiring at a faster clip overseas. For both companies, sales in international markets are growing at least twice as fast as domestically.

Full story:
http://www.msnbc.msn.com/id/40827123/ns/business-us_business/t/many-us-companies-are-hiring-overseas/