WASHINGTON -- From Wal-Mart to General Motors to Amazon, a growing number of the world's largest companies appear to be trying to get in step with President-elect Donald Trump's demand that employers hire and keep jobs at home.
Trump, in response, has taken to Twitter to signal his approval.
"Thank you to General Motors and Walmart for starting the big jobs push back into the U.S.!" he tweeted Tuesday afternoon.
It's unclear how many jobs are actually being saved or created as a result of Trump's push or whether his administration will hold companies accountable for their pledges. In a solid job market with just 4.7 percent unemployment, hundreds of thousands of U.S. jobs are added all the time for a broad range of reasons.
Trump has said that based on what chief executives have told him, he deserves the credit for the jobs, although evidence provided by the companies does not support that claim.
"Ask top CEO's of those companies for real facts. Came back because of me!" the president-elect declared Wednesday on Twitter.
General Motors announced Tuesday that it was creating or keeping 7,000 jobs in the U.S., while Wal-Mart said it planned to hire 10,000 retail workers and support an additional 24,000 construction jobs with store openings and expansions.
Those announcements followed Amazon's commitment to add 100,000 workers through mid-2018 and a claim by the Chinese online retailer Alibaba that it will create 1 million U.S. jobs over the next five years. That pledge would make Alibaba responsible for more than 10 percent of all jobs added each year -- an unheard-of feat in the modern economy.
Many economists say the overall hiring, more than anything, shows the health of the $18.7 trillion economy he is inheriting.
"Between the election and today, unless you work on Capitol Hill in D.C., nothing fundamental has changed in the U.S. labor market," said Andrew Chamberlain, chief economist at the jobs site Glassdoor.
To these economists, the latest high-profile hiring announcements suggest that companies are capitalizing on the politically charged climate. Trump has berated companies such as Nabisco for closing U.S. plants in order to open factories in Mexico, while celebrating companies that publicly commit to hiring in the United States.
What's more, nearly every major U.S. employer has tax and regulatory issues before the government. To that end, a sympathetic ear in the White House could be helpful.
The heads of German chemical company Bayer and seed-and-herbicide-maker Monsanto met with Trump last week to pitch the benefits of a planned merger of the two companies that requires antitrust clearance. And Trump tweeted reports Wednesday that Bayer would add U.S. jobs.
By announcing new jobs, companies can use any existing hiring plans to ingratiate themselves with Trump by hitching their plans to his economic agenda, said Patrick O'Keefe, director of economic research at the consultancy and accountant CohnReznick.
"There is a degree of opportunism -- in a positive way," O'Keefe said.
General Motors plans to invest $1 billion in its U.S. factories and to create or keep 2,000 manufacturing jobs as well as 5,000 positions in auto financing and engineering -- moves the company had said were being planned well before the election.
Trump drew attention to the automaker this month by threatening on Twitter to tax General Motors for selling Mexican-built cars in the United States. That set up General Motor's jobs announcement as a coup for Trump, even though the investment was already in the works.
A General Motors spokesman said it was "good timing for us to share what we are doing."
Wal-Mart's hiring similarly seems somewhat independent of Trump. The jobs stem largely from plans to open and remodel stores -- work that would not be outsourced overseas. Wal-Mart is the nation's largest private employer, with 1.5 million workers in the United States, and its hiring rate this year will be similar to previous years, said Lorenzo Lopez, a company spokesman.
These announcements follow hiring plans announced by Ford and Fiat Chrysler, among others. The auto executives were willing to let Trump promote their hiring plans, even though their decisions involved other market forces, including increased demand for SUVs as gasoline prices have dropped.
Hyundai said Tuesday that it plans to invest $3.1 billion by 2021 on research and development at its factories in Alabama and Georgia. Chung Jin Haeng, chief executive of the South Korean automaker, said the decision had little to do with Trump.
"The U.S. market is strategically important," he said.
Information for this article was contributed by Tom Krisher, Anne D'Innocenzio and Youkyung Lee of The Associated Press.
Business on 01/19/2017