Trade and American Jobs: The Impact of Trade on U.S. and State-Level Employment Update (2014)

Trade and American Jobs: The Impact of Trade on U.S. and State-Level Employment Update (2014)

U.S.  trade  continues  to  expand,  and  with  it,  U.S.  employment.    Today,  nearly  40  million   U.S.  jobs  depend  on  trade.    This  means  that  more  than  one  in  every  five  U.S.  jobs  is   linked  to  exports  and  imports  of  goods  and  services.    Nearly  three  times  as  many  jobs   were  supported  by  trade  in  2013  as  in  1992  –  before  the  accelerated  wave  of  trade   liberalization  that  began  with  the  implementation of  the  North  American  Free  Trade   Agreement  in  1994  –  when  our  earlier  research  found  that  trade  supported  14.5  million   jobs,  or  one  in  every  ten  U.S.  jobs. Updated from past research and prepared for the Business Roundtable.

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“I think trade is absolutely vital—because our jobs depend on it. Twenty years ago, trade supported one out of every ten of our jobs. Now it’s one out of every five. This is our future.”

–Rep. Paul Ryan, Chairman, House Ways and Means Committee, February 5, 2015, citing data from Trade Partnership Worldwide, LLC, research

 

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