Current Issues in Economics and Finance
U.S. Jobs Gained and Lost through Trade: A Net Measure
August 2005 Volume 11, Number 8
JEL classification: E2, F2

Authors: Erica L. Groshen, Bart Hobijn, and Margaret M. McConnell

Recent concerns about the transfer of U.S. services jobs to overseas workers have deepened long-standing fears about the effects of trade on the domestic labor market. But a balanced view of the impact of trade requires that we consider jobs created through the production of U.S. exports as well as jobs lost to imports. A new measure of the jobs gained and lost in international trade flows suggests that the net number of U.S. jobs lost is relatively small—2.4 percent of total U.S. employment as of 2003.

PDF full articlePDF 7 pages / 341 kb
Press release
tools
Related New York Fed Content
By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.   Close