Offshoring by the numbers: new numbers suggest that offshoring accounts for a very small percentage of jobs lost to mass layoffs

Offshoring has attracted a lot of attention lately from the presidential candidates, the media, economists, and workers. From all the talk, you'd think that offshoring represents the single largest threat to U.S. jobs. But according to new Bureau of Labor Statistics (BLS) data, a small fraction...

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Bibliographic Details
Published inDollars & Sense no. 254; pp. 30 - 31
Main Authors Chen, Angel, Scharf, Adria
Format Newsletter Magazine Article
LanguageEnglish
Published Somerville Economic Affairs Bureau 01.07.2004
Subjects
Causes of
Influence
Layoff
Layoffs
Outsourcing
United States
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Summary:Offshoring has attracted a lot of attention lately from the presidential candidates, the media, economists, and workers. From all the talk, you'd think that offshoring represents the single largest threat to U.S. jobs. But according to new Bureau of Labor Statistics (BLS) data, a small fraction-- just 2.5%-- of jobs lost to mass layoffs in a recent period involved the relocation of work overseas.
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ISSN:0012-5245