For every billion dollars of exports, over 5,000 jobs are supported

By Patrick Burnson, Executive Editor
July 11, 2011 - SCMR Editorial

U.S. exports supported an estimated 9.2 million jobs in 2010, up from 8.7 million in 2009, according to a report issued today by the Department of Commerce’s International Trade Administration. For every billion dollars of exports, over 5,000 jobs are supported.

“The exports surge in 2010 supported an additional half million jobs for U.S. workers – growth critical to America’s economic recovery,” U.S. Commerce Secretary Gary Locke said. “It’s easy to understand why it’s so important to reach President Obama’s goal of doubling exports by 2015 and doing more than ever to help U.S. businesses reach the 95 percent of consumers who live outside our borders.”

What Locke failed to make note of, however, is the fact that significant trade agreements with Panama, South Korea, and Columbia still are pending. Administration critics cite this is a key weakness in our nation’s ongoing effort to open new markets.

Commerce, meanwhile, notes that new data also shows employment supported by manufactured exports plays a significant role in many states.  Twenty-one states each counted over 100,000 jobs supported by manufactured exports in 2009, with two states registering more than a half-million – California at 616,500 jobs, and Texas at 538,500 jobs.

As noted in LM, our sister publication, California exporters turned in another impressive performance in April with shipments totaling $12.88 billion, a gain of 14.4 percent over the same month last year .

“As we continue to make progress in reaching the goals of the President’s National Export Initiative, we are confident that the number of jobs supported by exports will continue to rise,” said Francisco Sánchez, under secretary of commerce for international trade. “More businesses are reaching customers in foreign markets and seeing their sales rise which leads to more good-paying jobs in the United States.”

For related articles click here.



About the Author

image
Patrick Burnson
Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

With an eye on capitalizing on future trade and commerce growth in South Asia, express delivery and logistics services provider DHL today rolled out its plans to build an $85 million EUR ($93 million USD) DHL Express South Asia Hub, which will be a 24-hour express hub facility within the Changi Airfreight Center at the Singapore Changi Airport.

While the Federal Railroad Administration (FRA) has long stated its goal of having Positive Train Control (PTC) technology installed on 40 percent of its network by December 31, 2015, railroad industry stakeholders have repeatedly stated that reaching that deadline would be a stretch. It now appears that the railroad sector has some members of Congress sharing the same line of thought with legislation rolled out this week that pledges to extend the PTC deadline to 2020.

West Coast port authorities may be overstating the obvious when they decry “business as usual.” But it’s refreshing to see them finally coming around.

Transportation stakeholders reliant on North Carolina’s major seaports are welcoming news this week, which outlines plans to enhance the intermodal and cold chain network in the region.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.9 in February, which was 0.2 percent ahead of January and also 0.1 percent ahead of the 12-month average of 56.8. Economic activity in the non-manufacturing sector has grown for the last 61 months, according to ISM.

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. Contact Patrick Burnson

Comments

Post a comment
Commenting is not available in this channel entry.