Will the TPP Agreement Cost US Jobs?

An article in Voice of America (October 30, 2015) titled “Will the TPP Agreement Cost US Jobs?” (http://www.voanews.com/content/will-the-tpp-agreement-cost-us-jobs/3029372.html) describes the risk that TPP represents for the unemployment rate in US. The AFL-CIO Labor Unions blames the North American Free Trade Agreement (NAFTA) with the loss of approximately 700,000 U.S. jobs since the deal took effect in 1994. Barak Obama has promised that the TPP will be different from NAFTA, since it will improve workers’ standards by having enforceable mechanisms in countries like Vietnam and Malaysia. Some people discuss that the TPP is a betrayal to the American worker, while others highlight the advantages of this commercial deal for economic sectors such as agriculture.  How will the TPP impact the unemployment rate in the U.S? If the deal is approved what actions will be performed by the Central Bank to control such unemployment rate and its impact on the economy?

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