Economic Development Futures Journal

Tuesday, September 26, 2006

counter statistics

New Data Shows Foreign Business Jobs Declined in North Carolina

North Carolina has the nation's 10th-largest employee base derived from foreign companies, but that work force shrank by nearly 6,000 workers from 2003 to 2004, according to data from the U.S. Bureau of Economic Analysis.

About 198,000 North Carolinians worked for U.S. subsidiaries of companies based outside the country in 2004 - the most recent data available - down from 203,800 in 2003. About 40 percent, or 78,400, of the "insourced" jobs are in the manufacturing sector.

Those U.S. subsidiaries account for 6 percent of North Carolina's private-sector work force, according to the Organization for International Investment, a foreign-trade advocacy group based in Washington.

Read more here.

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