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US firms look at home for hiring

Some firms beginning to reverse trend of outsourcing jobs to developing economies as cost of foreign labour rises.
Last Modified: 09 Mar 2013 03:49

There is more evidence that the US economy is recovering, with the latest unemployment figures showing that the jobless rate has fallen to a four-year low.

Among the companies hiring in the US are high-tech firms, reversing the trend of outsourcing jobs to developing economies - a practice called re-shoring.

These firms say that re-shoring makes financial sense, as costs of labour from Asia was rising about 18 percent a year

Al Jazeera’s John Hendren reports from the US state of Illinois.

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Source:
Al Jazeera
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