Off-Shoring: An Elusive Phenonmenon

A report of the Panel of The National Academy of Public Administration for the U.S. Congress and the Bureau of Econonic Analysis reported in 2006 about "Off-Shoring" Jobs and its benefits and down sides. The found that the migration of U.S. jobs to foreign countried is neither new nor unstudied. For example, a chart labeled "Private-Sector Gross Jobs Losses, Total Private" reveals that between 1992 and 2004 gross jobs gained peaked in 2000 (along with the economy) and has been dropping ever since. Gross job losses peaked in 2002 when the recession hit and has been steadily rising and dropping since.