economy - China is not taking away (that many) US jobs

Howard French links to a nice 'debunking' article in the Financial Times by Guy de Jonquieres:

Of course, Chinese competition has claimed some US manufacturing jobs. But Oxford Economics puts the losses from 2000 to 2010 as low as 500,000 – no more than the US labour force sheds each week. Their disappearance is also partly a statistical illusion. Many manufacturing jobs are actually in services, such as finance and marketing, which yield far higher returns. As companies have disaggregated or outsourced operations, official employment data have re-allocated swaths of workers to the services sector.

Really not the kind of article you want to read when you believe in fairy tales about China's economic power. Especially the trade unions and car companies in the Midwest should ignore this one.