Job Market Monitor
Balance of trade
US / The world’s largest trade deficit kills jobs
Agonizing over U.S. job losses often overlooks a primary cause of the problem: America’s severe trade deficit. Since the 1970s, U.S. imports have exceeded exports every year. “This deficit, now the world’s largest, kills jobs. It urgently needs to be fixed,” write Donald L. Barlett and James B. Steele in their new book, The Betrayal … Continue reading
U.S. trade deficit with China cost 2.7 million jobs
The U.S. trade deficit with China eliminated or displaced more than 2.7 million U.S. jobs between 2001 and 2011, a new Economic Policy Institute briefing paper finds. The China toll: Growing U.S. trade deficit with China cost more than 2.7 million jobs between 2001 and 2011, with job losses in every state, by EPI’s Director of Trade … Continue reading
Jobs Gap – Fair Trade: The missing element in all the existing plans
If the U.S. is to cut unemployment to about 4.5 percent, which most economists consider to be full employment, the nation must ultimately create more than 16 million new jobs across the entire economy. That is in addition to finding jobs for the 12 million net new entrants into the work force, which the Labor … Continue reading
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