Source: By Robert E. Scott with research assistance by Emily Garr, Economic Policy Institute, October 2, 2008.
In 2007, 5.6 million jobs were lost or displaced by the U.S. non-oil trade deficit (Scott 2008). Despite strong export growth over the past few years, that deficit still totaled $473 billion in 2007, only $48 billion less than its record peak in 2006. More than 4 million (70%) of the jobs displaced by this trade in 2007 were in the manufacturing sector.
U.S. non-oil trade deficits represent reduced domestic demand for goods produced in every region of the United States and have displaced jobs in all 50 states and the District of Columbia