Fri, 11 Jun 2004

Not Many Jobs Are Sent Abroad, U.S. Report Says

Even the authors admit that this report is seriously flawed:

Officials acknowledged that the numbers clearly undercount the total number of jobs lost offshore. For one thing, the new data covers layoffs only at companies employing at least 50 workers where at least 50 filed for unemployment insurance and the layoffs lasted more than 30 days. Even more important, the report does not account for jobs created by American companies overseas that did not involve a direct layoff in the United States.

If the statistics are that seriously flawed, why release the report? Hmmm, how do you spell "election year"?

A Labor Department report found that a mere 2.5 percent of total longer-term job losses in the first quarter of this year resulted from jobs moving overseas.

(link) [New York Times: NYT HomePage]

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