US Exports Supported More Than 11 Million Jobs in 2013, Says Commerce
U.S. exports supported more than 11.3 million domestic jobs in 2013, an increase in 1.6 million jobs over the past four years, said the Commerce Department in a report released on Feb. 24. In 2013, every $1 billion in exports…
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supported 5,600 jobs, said Commerce, adding that good exports specifically supported 7.1 million jobs in 2013, an increase of 1.1 million since 2009. The U.S. registered nearly $2.3 trillion in exports in 2013, said Commerce. “The strong correlation between exports and U.S. jobs is why the Department of Commerce is focused on helping American companies sell their goods and services all over the globe,” said U.S. Secretary of Commerce Penny Pritzker. “The fact is, 95 percent of worldwide consumers live outside U.S. borders, and for our businesses to grow and create jobs, we have to make it possible for them to reach new markets.” U.S. trade officials champion the pending Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership pacts as means to boost exports and create jobs (see 14021902).