Thursday, September 22, 2011

U.S. Lost 2.8 Million Jobs To China Since 2001

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In a new report the Economic Policy Institute estimates that in the last decade, the United States has lost some 2.8 million jobs to China. All 50 states, the District of Columbia, and Puerto Rico have been affected by job loss and labor displacement from trade with China, with Texas and California suffering the greatest losses. Those two states lost 232,000 and 451,000 jobs, respectively, mostly in manufacturing. Other areas that have been hard hit include technology products, apparel and accessories, and textile fabrics and products.


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