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.

    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.

    SOURCE: Al Jazeera


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