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Economic Policy Institute: Trade Deals Cost Good Jobs In Every State

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    FOR IMMEDIATE RELEASE OCTOBER 25, 2001 5:24 PM CONTACT: Economic Policy Institute Nancy Coleman or Karen Conner, 202-775-8810 Trade Deals Cost Good Jobs In
    Message 1 of 1 , Oct 30, 2001
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      FOR IMMEDIATE RELEASE
      OCTOBER 25, 2001
      5:24 PM
      CONTACT:  Economic Policy Institute
      Nancy Coleman or Karen Conner, 202-775-8810

      Trade Deals Cost Good Jobs In Every State
      NAFTA & WTO Spark State Losses as High as 5.8 Percent of Total Labor Force
        
      WASHINGTON - October 25 - Since 1994, when the North American Free Trade
      Agreement and the World Trade Organization came into being, more than 3
      million jobs in all 50 states and the District of Columbia have fallen victim
      to U.S. trade policies as net job losses accelerated sharply. This is the
      major finding of an analysis released today by the Economic Policy Institute
      of recently released Census Bureau data.

      EPI's study, "Fast Track to Lost Jobs," shows that a long-term trend of net
      job losses in trade-sensitive industries accelerated after NAFTA and WTO.
      This troubling trend, which grew largely undetected just under the surface of
      the recent economic boom, spells trouble ahead as the downturn deepens, say
      EPI experts.

      "NAFTA and WTO have been equal opportunity destroyers, hitting every state
      without exception," said Robert Scott, the senior EPI economist who analyzed
      the job loss data. "During the boom, the loss of good manufacturing and other
      trade-related jobs was masked by rapid growth elsewhere, primarily in the
      volatile high tech and lower-wage service sectors. Now that we're in a
      slowdown and the rest of the economy is no longer generating enough jobs to
      take up the slack, these trade-induced job losses will magnify the downward
      pressure."

      The job losses revealed in "Fast Track to Lost Jobs" have been studiously
      ignored, even denied, by fast track supporters inside and outside the Bush
      administration, who have reported only on the impact of increasing exports
      and while ignoring the job-destroying impact of more rapidly increasing
      imports.

      "For the U.S. economy, these trade deficit-induced job losses are the
      600-pound gorilla in the corner," said Scott. "Fast track supporters have
      ignored him because he's inconvenient -- but to keep doing so just makes him
      a greater risk."

      Among the details reported by EPI are the following:

      -- Nationwide, net job losses from U.S. international trade deficits totaled
      3,044,241 from 1994 to 2000

      -- equal to 2.3 percent of the nation's total workforce.

      -- Job losses have shot up six times faster since NAFTA and WTO than during
      the five years immediately before they went into effect.

      -- Every state and the District of Columbia lost jobs equaling at least 1.2
      percent of their workforce because of U.S. trade policies under NAFTA and the
      WTO.

      -- Ten states lost more than 100,000 jobs: California (310,000), Texas
      (228,000), New York (179,000), Michigan (152,000), Pennsylvania (142,000),
      Illinois (140,000), Ohio (135,000), North Carolina (133,000), Indiana
      (103,000), and Florida (100,000).

      -- The 10 states suffering the highest rates of job losses are Rhode Island
      (5.8 percent), North Carolina (3.7 percent), Maine (3.6 percent), Tennessee
      (3.6 percent), Indiana (3.4 percent), Mississippi (3.3 percent), Michigan
      (3.2 percent), Alabama (3.1 percent), Arkansas (3.1 percent), and South
      Carolina (3.0 percent). (For full list, see report, Table 2B.)

      -- Nearly two out of every three jobs lost were in manufacturing. (1.97
      million out of 3.04 million).

      -- In some manufacturing sub-sectors, job losses rose at extraordinary rates:
      497.2 percent in transportation equipment; 448.6 percent in communications
      equipment; 363.8 percent in paper and allied products; 308.7 percent in
      petroleum refining and related products; and 207.5 percent in fabricated
      metal products (excluding machinery and transportation equipment).

      -- Outside manufacturing, the sectors that experienced the most rapid
      acceleration of job losses were: financial, insurance and real estate (201.6
      percent); communications (195.6 percent); construction (188.8 percent); and
      transportation (180.9 percent).

      In tracking job losses that are due to U.S. trade policies under NAFTA and
      the WTO, EPI takes into account both actual job losses and potential jobs, or
      job opportunities, lost as a result of increasing U.S. trade deficits. The
      lost opportunities are positions that would have been created if the trade
      deficit had not accelerated since 1994.

      National Report Available Under Embargo On The Web To access an embargoed
      copy of "Fast Track to Lost Jobs" go to:
      http://www.epinet.org/press/011023a.pdf and enter the password: wages.

      Follow-up State-by-State Report to be Online Soon By 5 p.m. (Eastern) on
      Thursday, Oct. 25, a follow-up report, including detailed state-by-state and
      industry-by-industry breakdowns of job losses, will be posted to the EPI Web
      site. That address will be: http://www.epinet.org/press/011023b.pdf and the
      password for accessing it is the same: wages.

      The Economic Policy Institute is a non-profit, non-partisan economic think
      tank founded in 1986. The Institute is located on the Web at
      http://www.epinet.org.


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