September 22, 2011 12:34 AM PDT
This was in the Hartford business journal this week...
Study: China saps CT of 31K jobs
09/20/11
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Connecticut lost 31,600 jobs since 2001 due to the U.S. trade deficit with China, according to a study Tuesday from a Washington, D.C. think tank.
The report by the Economic Policy Institute says that since China joined the World Trade Organization in 2001, the U.S. has lost more than 2.8 million jobs as a result of America's imports from China exceeding exports to China.
The majority of the jobs lost have come from the manufacturing sector, and the hardest hit subsector was in the computer and electronic parts industries, losing 909,000.
Aerospace products and parts -- one of Connecticut's largest manufacturing subsectors - actually added jobs as a result of trade with China, gaining 5,800 throughout the United States.
According to EPI, California lost the most jobs of any state, at 454,000, equivalent to 2.74 percent of its workforce. New Hampshire lost the highest percentage of jobs at 2.84 percent, or 19,700 total jobs.
Connecticut ranked No. 23 in percentage of jobs lost, at 1.81 percent of the workforce