Afternoon Must-Read: Gillian Tett: US Export Economy Fails to Import Jobs

…by 2013 the tally was 11.3m…. Back in 2009, each billion dollar’s worth of exports was creating 6,763 jobs. In 2013, it was 5,590 jobs. That is a fall of 17 per cent–in just four years…. American companies are becoming more innovative and competitive on the world stage…. There is a more pessimistic twist to all this: what will the surplus workers do?… Mr Kleinfeld has recently started working with community colleges on retraining programmes, in a bid to help workers to adapt. Other companies are doing the same. But what is lamentably missing is any coherent policy from Washington to support such endeavour…. That needs to change–well before the current recovery loses steam.