Tags: trade | china | jobs

Study: U.S.-China Trade Deficit Still a Job Killer

Thursday, 30 Aug 2012 12:31 PM

By Sandy Fitzgerald

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
The U.S.-China trade deficit is still taking a toll on American jobs, leaving elected officials from New Hampshire to California scrambling to figure out how to address a growing problem, according to a report in the New Hampshire Union Leader.
 
The newspaper reported Thursday that a study from the Economic Policy Institute in Washington, D.C., attributes the loss of at least 20,000 jobs in New Hampshire to the trade deficit over the past 10 years.
 
While that may seem like a small number when compared to California, which the study said  has lost 474,700 jobs, or Texas with 239,600 lost jobs, New Hampshire's loss relative to its work force was deemed by the study to be the most severe in the country.

“The EPI report offers convincing evidence that unless China's trade violations and currency manipulations are challenged forcefully, our growing trade deficit will continue to cripple the fledgling U.S. jobs recovery,” said Scott Paul, executive director of the Alliance for American Manufacturing.
 
However, Chris Way, New Hampshire's interim director of economic development, expressed reservations about the study, which he said relied on the dollar value of trade rather than actual job counts in its analysis.  But Way said he has no doubts that New Hampshire has been hurt by job losses in manufacturing. 
 
Way agreed with the report's assessment, though, that most of the jobs lost in recent years have been concentrated in the electronics and high-tech manufacturing industries.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Cambodia HIV Outbreak: 100-Plus People Diagnosed; Investigation Sought

Friday, 19 Dec 2014 18:50 PM

More than 100 HIV infections in a single Cambodian village have spurred the country's prime minister to ask for an inves . . .

Slender Man Case: Two Girls Competent to Stand Trial in Stabbing

Friday, 19 Dec 2014 18:26 PM

Two girls who allegedly stabbed a 12-year-old friend over the online game Slender Man are competent to stand trial for a . . .

Kate Upton Sexiest Woman Alive; Model Apologizes to Teen Brother

Friday, 19 Dec 2014 17:52 PM

Model Kate Upton was selected as People magazine's first Sexiest Woman Alive, a month after Chris Hemsworth received the . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved