Wal-Mart said it'll create 10,000 jobs in the U.S. this year. GM says it'll add 7,000 new jobs in the U.S. over the next two to three years. Fred Katayama reports.
Job announcements from two of the biggest U.S. employers. Wal-Mart said it'll create about 10,000 jobs in the U.S. this year. But it's not exactly a hiring spree. Wal-Mart says the number created is roughly in line with jobs created in previous years. Most of the new jobs will come from the 59 new stores it plans to open this fiscal year and from its online business. That would amount to less than 1 percent of its current workforce. Also on Tuesday, General Motors said it plans to add 7,000 new jobs in the U.S. over the next two to three years but acknowledged the jobs announced have been "in the works for some time." GM also said it will move some parts production from Mexico to the U.S. Reuters transportation editor Joe White: SOUNDBITE: JOE WHITE, TRANSPORTATION EDITOR, REUTERS, (ENGLISH) SPEAKING: "It's not at all clear that General Motors is expanding and adding brand new jobs in the United States. It appears to be shuffling jobs from one place to another. But it does appear to be bringing these together in the United States." President-elect Donald Trump tweeted this morning, "With all of the jobs I am bringing back into the U.S. (even before taking office), with all of the new auto plants coming back into our country and with the massive cost reductions I have negotiated on military purchases and more, I believe the people are seeing 'big stuff'." In the last two weeks, Amazon.com and Ford Motor also announced they would be creating domestic jobs. These job announcements come just before President-elect Donald Trump's inauguration this Friday. He had sharply criticized GM and other automakers for building vehicles in Mexico that are sold in the U.S.