May 04, 2009

Presumably outsourcing accelerates as we sign free trade agreements and open our economy to international trade. Yet as we look at the data in Figure 1 we can see a downwards secular trend for the unemployment rate. The decline in the unemployment rate accelerated after the signing of NAFTA. A casual look at the data suggests that rather than causing more unemployment, the opening of trade reduced the unemployment rate.

You must have an active account to view these reports. You may register for a trial here

Download Complete Report in PDF Format

Download Complete Report in Word Format