Posted by The New York Times on September 28, 2018 08:00:00More than 40% of U.S. companies are seeking to hire employees outside the United States, according to a new study.
The new study, published in The New America Foundation’s Economic Policy Institute (EPI) journal, looked at the size of the international job market, and found that the number of new hires in the U.K. and Germany rose by almost 20% in the first quarter of 2019 compared with the same period last year.
“The global job market is very strong, with nearly 50% of companies expanding their workforce to foreign-born workers,” said EPI research director Adam Looney.
“The U.s. is a little behind but is beginning to catch up.
But the U-20 countries are doing very well.
The U.k. is not doing well.
This is an important indicator of whether we’re going to get the U.-20s out.”
This year, the UBS Global Competitiveness Index found that 37% of Fortune 500 companies worldwide are expanding their foreign-based workforce to help fill the gap, and that more than two-thirds of companies are adding more than 100 foreign workers in the United Sates.EPI, a research institute founded by former Wall Street Journal reporter David Rosenberg, says that the U S economy has grown by 4.2% in 2019 and the stock market has increased by 8.3% since the beginning of 2018.
It is currently at an all-time high.
The UBS report notes that the trend is also reflected in other measures of business competitiveness, such as the unemployment rate, business investment, and consumer confidence.
The unemployment rate is a measure of economic activity and the rate is usually lower in the second quarter of a year than the first.
Business investment, the share of economic output that is being spent on research and development, and the consumer confidence index measure how Americans view the economy.
Epi estimates that more Americans have taken jobs overseas than in the previous three years.
According to the UBIZ Global Job Study, there were more than 2.4 million jobs in the global economy in the fourth quarter of 2020, with more than 600,000 people working abroad.
The report also notes that jobs in India, Brazil, Mexico, and Chile grew by nearly 2% in 2020.
