US companies increase the insourcing of jobs

2012-07-25 8

The United States unemployment rate fell to 8.3 per cent in January, its lowest level in nearly three years, due to an unexpected surge in hiring, according to published government data.

The economy added 243,00 net jobs in December, the US Labour Department reported on Friday, much better than the average analyst forecast of 155,000. According to the Labour Department, US businesses increased hiring, adding 257,000 jobs.

In President Barack Obama's State of the Union address, he proposed incentives for US businesses to increase the insourcing of jobs.

As Kristen Saloomey reports from Ohia, some companies are already bringing jobs back to the US.

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