1,037,900 Jobs Deficit: U.S. Created 16x as Many Jobs in Mexico as Mexico in U.S.

Posted: June 13, 2015 in Economics

(CNSNews.com) – U.S.-majority-owned multinational enterprises employed 1,106,700 in Mexico in 2012 (the latest year on record), according to data released by the U.S. Bureau of Economic Analysis, but Mexican-majority owned enterprises employed only 68,800 in the United States that year.

That means that U.S.-controlled multinationals employed 1,037,900 more people in Mexico than Mexican-controlled multinationals employed in the United States.

Put another way, multinational enterprises that had a majority U.S. ownership employed 16 times as many people in Mexico as Mexican-controlled multinationals employed in the United States.

Forty-nine percent of the jobs–546,500 of 1,106,700–that U.S.-controlled multinationals maintained in Mexico in 2012 were in manufacturing, according to the BEA. (See Table 5.2 in the August 2014 BEA report “Activities of U.S. Multinationl Enterprises in 2012.”)

Full Story @ [CNSNews]

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