U.S. multinational corporations were actually hiring in 2011 as they were in 2010. Unfortunately as in 2010, they are hiring abroad. In an updated BEA summary on sales, investment and employment by Multinational Corporations for 2011, we have a 0.1% increase in hiring for jobs in the United States while MNCs increased their hiring abroad by 4.4%.
The U.S. international transactions release is an odd duck. The current account is kind of like an economic income statement of the U.S. vs. the rest of the world. The current account deficit was $117.4 billion for Q2 2012, a 12.1% decline from Q1's current account deficit of $133.6 billion.
Carlini's Commentary writes about the predictions for the 2008 economy. This is particularly interesting for he is talking about the foreign investments plus the constant drive to (and consequences of) pushing technology, expertise offshore.
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