Report: Oklahoma loses almost 30,000 jobs to China
WASHINGTON, D.C. – A study by an economic research group in Washington, D.C. says that Oklahoma ranks 28th in the nation in jobs lost to China.
Researchers at the Economic Policy Institute (EPI) say the overwhelming majority of jobs lost are manufacturing.
The EPI study shows that America’s surging trade deficit with China has cost more than 3.2 million jobs in the U.S., and 29,300 jobs alone in Oklahoma.
According to researchers, 2.4 million manufacturing jobs were lost between 2001 and December 2013.
The report says that global trade in advanced technology products — often cited as a source of comparative advantage for the United States — is now dominated by China.
“This report leaves no doubt, if there ever was any, that the nation’s staggering trade deficit with China continues to be the single biggest impediment to a true jobs recovery, especially in regions with heavy concentrations of high-tech manufacturing,” said Scott Paul, president of the Alliance for American Manufacturing (AAM).
The findings showed California suffered the worst job losses, followed by Texas, New York, Illinois, Pennsylvania, North Carolina, Florida, Ohio, Massachusetts, and Georgia.