Where are the Jobs? For Many Companies, Overseas

NEW YORK, Dec. 28, 2010

Economic Policy Institute Says 1.4M Jobs Created Overseas by U.S. Companies, Compared to 1M Domestically

* More than half of the 15,000 people Caterpillar Inc. hired this year were outside the U.S.

More than half of the 15,000 people Caterpillar Inc. hired this year were outside the U.S. (AP PHOTO)

(AP) Corporate profits are up. Stock prices are up. So why isn't anyone hiring?

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..

Full article:
http://www.cbsnews.com/stories/2010/12/28/business/main7191280.shtml