Text

The impacts of NAFTA and the WTO on the U.S. job market were obscured by the boom-and-bust cycle that has driven domestic consumption, investment, and speculation in the mid- and late 1990s. Although there was net job loss in the international sector of the economy between 1994 and 2000, total employment rose rapidly in the U.S., causing overall unemployment to fall to record low levels. However, with the bursting of the stock market bubble, unemployment has risen from 3.9% in October 2000 to 4.9% in September 2001.

The main idea of the paragraph

When the economy was booming and as new jobs were created, the impact upon employment of the imports resulting from NAFTA and the WTO was not so noticeable. As the economic growth slowed down, the effect became apparent.

当经济蓬勃发展、新的就业机会不断产生的时候，实施北美自由贸易协定以及加入世界贸易组织虽然也增加了进口，但其对就业的影响并不那么凸现，然而，随着经济走入低迷，其影响就凸现出来。

• Briefing
• 1
• 2
• 3
• 4
• 5
• 6
• 7
• 8
• 9
• 10
• 11
• 12
• 13
• 14
• 15
• 16
• 17
• 18
• 19
• 20
• 21
• Summary