Report: Foreign Dollars Bring Many Jobs To Scranton/Wilkes-Barre Area

Locator map of the Scranton-Wilkes-Barre Metro...

Locator map of the Scranton-Wilkes-Barre Metropolitan Statistical Area in the northeastern part of the of . (Photo credit: Wikipedia)

Foreign direct investment has increased jobs in Northeastern Pennsylvania.

It accounted for 14,050 jobs in the Scranton/Wilkes-Barre Metropolitan Statistical Area in 2011, an increase of about 4,300 in the past two decades, according to a new report that looked at data for the nation’s 100 largest metropolitan areas.

That’s 6.2 percent of total private sector employment, above the national rate of 5 percent.

The data comes from a new report that tries to gauge the local impact of “Foreign Direct Investment,” defined as a company in a foreign country investing enough to gain a controlling share of an American company.

Read more: http://timesleader.com/news/local-news-news/1479223/Report:-Foreign-dollars-bring-area-jobs

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