U.S. trade deficit with China has cost more than 2.7 million jobs since 2001.
It?s rare to buy a product without the ubiquitous ?Made in China? label.
But just how much impact the rise of the Chinese economy has affected the U.S. job market has recently been quantified in a report by the nonpartisan Economic Policy Institute.
Since China joined the World Trade Organization in 2001, the report claims that more than 2.7 million American jobs, more than 56,000 of them in Tennessee, have been sacrificed because of the U.S. trade deficit with China.
That equates to slightly more than 2 percent of the Tennessee?s total employment.
Tennessee was the 15th in the nation for jobs displaced as a percentage of its total workforce.
Of those 2.7 million jobs lost, 2.1 million were in manufacturing
The hardest hit state was California. It lost 474,700 jobs to China over the decade.
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