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GE to Create 14,500+ Jobs in America

The company's jobs and factories help put money into the economy


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), 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 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.

-Alyssa Oursler, InvestorPlace Editorial Assistant

Article printed from InvestorPlace Media,

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