Trade Adjustment Assistance Helps Those Who Lose Jobs
As
imports have risen, unemployment in the United States has fallen. Our unemployment rate, at 5%, is lower than
those of the 1970s, 1980s, and 1990s.
Yet some people do lose their jobs due to trade, and the government
provides two years of training, payments, and health insurance in a program
called Trade Adjustment Assistance, described below. It’s vital that people displaced by trade
have some avenues for retraining, and this program provides that.
