Source: U.S. Department of Commerce – ITA
WASHINGTON – U.S. Under Secretary of Commerce for International Trade Stefan M. Selig today released a new report that details the employment impact of foreign direct investment (FDI) in the United States. The report, prepared by the International Trade Administration’s Office of Trade and Economic Analysis, attributes 12 million jobs – 8.5 percent of the total U.S. labor force – to FDI.
“This landmark study is the first of its kind to estimate the larger impact that attracting foreign investment into the United States has on our economy,” said Under Secretary Selig. “This report reinforces the critical role that attracting foreign direct investment into the United States plays in the lives of U.S. workers, and supports President Obama’s commitment to expand FDI through the SelectUSA initiative.”