Taken from a December 1976, conference sponsored by the Bureau of International Labor Affairs, these proceedings present research reports on the impact of international trade and investment on U.S. employment. The research, produced or in some instances contracted and monitored by the Department of Labor, is intended to be of use to economists and policymakers. Generally, introductory remarks precede each session part and comments and replies follow the paper's presentation. In the first of seven parts, a sample of industry studies is concerned with the steel and auto industries. Proceedings in part 2 involve labor market adjustments and the issue of displacement. Part 3 introduces a paper evaluating direct labor market effects of the old trade adjustment assistance program before its reformulation under the 1974 Trade Act. The fourth part examines foreign investment and employment. In part 5 a paper is presented on international productivity comparisons. Part 6 is concerned with the effect of the U.S. tariff policy on trade and employment. The final part examines issues for research and policy and the value of research on policy making. (CSS)