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bp385-china-trade-deficit.pdf
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The growing US trade deficit with China between 2001 and 2013 resulted in the loss of 3.2 million US jobs, with 2.4 million of those jobs being in the manufacturing sector. The trade deficit in computer and electronic parts accounted for the most job losses, with 1,249,100 jobs lost or displaced. Job losses occurred in all 50 states and the District of Columbia, with the hardest-hit states being California, Texas, Oregon, Massachusetts, and Minnesota. The study found that the job losses were not limited to manufacturing, but also affected service sectors such as administrative and support services, and professional, scientific, and technical services. The job displacement estimates are considered conservative, as they only include direct and indirect job losses and do not account for further job losses due to reduced wages and spending.

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The growing US trade deficit with China between 2001 and 2013 resulted in the loss of 3.2 million US jobs, with 2.4 million of those jobs being in the...

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  • File Format: PDF
  • File Size: 787 KB
  • Pages: 60
  • Language: EN
  • Total Downloads: 43
  • Last Updated: 2 months ago

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