US Report: Outsourcing job losses marginal
Houston: Outsourcing, considered to be a hot political issue and believed to be a threat to American jobs, was responsible only for miniscule layoffs, a new report released by the US Bureau of Labour Statistics Department has said. This is the first effort by the US Government to quantify the offshoring problem. The report found that moving jobs overseas accounted for about 2.5 per cent of the 182,456 workers, who lost their jobs for longer than a month for non-seasonal factors in the first three months of the year.

Among the 239,361 people laid off, only about 2 per cent, or 4,633, lost their jobs for reasons "associated with the movement of work outside the country." "Only few US jobs are lost because of foreign outsourcing," the report indicated. Workers are much more likely to lose their jobs to fellow Americans than to foreigners. Moving jobs within the US accounted for 9,985 layoffs, or 5.5 per cent of non-seasonal mass layoffs.
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domain-B : Indian business : News Review : 12 June 2004 : international business