U.S. Comm. Depart. Urges More Hiring Of American Workers By Foreign Companies

Large foreign companies that invest directly in the United States have proven to be a promising source of high-paying American jobs, and the United States should be doing more to encourage foreign investment, according to a new report from the U.S. Commerce Department.

In the report, the Commerce Department urged the government to encourage more foreign companies to hire American workers -- especially companies based in countries such as China that export to the United States more than they import. Economists at the Commerce Department said more investment by foreign companies could help revitalize the American economy by creating jobs and by producing more U.S. exports.

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