In 2010 US corporations created 1.4 million abroad while less than 1 million were created in the US.
There needs to be at least 150,000 new jobs a month to handle population growth in the US. Yet recent statistics indicate the unemployment rate is falling.
Karl Denninger, the editor and founder of The Market Ticker said:
What we have is a falling participation rate, that is the number of people working compared to the number of adult citizens in the population as a whole,” he explained. “What I remain concerned about is that the reason the unemployment rate is coming down is because people are giving up and leaving the work force. Some of that is dues to being discouraged, some of that is due to the fact the baby boomers are starting to retire.
source: http://rt.com/usa/news/usa-politicians-corporations-taxes/
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