21 °C Prince George's County, US
March 28, 2020

U.S. Exports Support 11.7 Million jobs In 2014 — Report

Burke, VA – The U.S. goods and services exports supported more than 11.7 million jobs in 2014, adding 1.8 million new exports-related positions since 2009, according to a report released this week by the U.S. Department of Commerce.

In 2014, every $1 billion of U.S. exports supported nearly 5,800 jobs. Goods exports supported 7.1 million jobs in 2014, up 1.0 million jobs from 2009. Services exports supported a record 4.6 million jobs in 2014, up 700,000 from 2009.

The new data is “further evidence that exports are creating jobs and strengthening our economy,” Secretary of Commerce Penny Pritzker said. Exports-related jobs were paying up to 18 percent more than non-export related positions, she added.

The U.S. goods and services exports reached a record for a fifth year in Jan-Dec, 2014 and totaled $2.34 trillion, up from $2.28 trillion a year ago.  Exports of goods were worth $1.63 trillion in 2014, according to the data by the U.S. Census Bureau.

Imports in 2014 totaled $2.85 trillion, up from $2.75 trillion in 2013. Imports of goods were worth $2.37 trillion in 2014. December imports of consumer goods of $48.8 billion were the highest on record. The imports of goods in the same month last year were almost 45 billion.

SelectUSA Investment Summit           

The U.S. government is also holding 2015 SelectUSA Invstment Summit on March 23-24 that will bring investors from all over the world. The summit will be held at the Gaylord National Resort and Convention center, near Washington D.C.

“Our goal at the SelectUSA Summit is to promote the United States as the premier destination for international investment and ensure that companies worldwide know America is open for business,” said Secretary Pritzker.

More than 2,100 people from nearly 80 countries have registered for the Summit as of March 4, according to a statement posted on the official website of U.S. Department of Commerce.

Through 2014, SelectUSA helped generate more than $20 billion of investments, creating jobs and spurring economic growth. In 2014, 5.8 million people in the United States were employed by U.S. subsidiaries of foreign firms, the statement says.

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