GE to Create 14,500+ Jobs in America

by InvestorPlace Staff | July 23, 2012 9:23 am

Jobs, jobs, jobs. Talk of employment, job creation and outsourcing is especially common nowadays, between an uncertain economy and an upcoming election. General Electric (NYSE:GE[1]), though, is garnering some praise in that arena currently. Why? Take a look at the numbers:

•  In 2011 alone, GE added 10,000 jobs.
• Since 2009, GE has made plans to create more than 14,500 American jobs[2] and build 15 new U.S. factories.
• A $170 million factory in New York that opened last week also tallied 450 jobs.
• In March, GE opened a new $38 million manufacturing plant in Louisville which employs 600 workers and is just a piece of a $1 billion drive to manufacture new appliances in the U.S. and create 1,300 jobs.
• For every ten GE jobs, the company supports additional 52 jobs in America.
• This breaks down to mean that GE indirectly supports one out of every 208 jobs in the U.S.
• The company, its employees and business partners add $166 billion per year to the U.S. economy, , according to a recent study by TrippUmbach.[3]

-Alyssa Oursler, InvestorPlace Editorial Assistant

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