New Commerce Report Shows Growing Exports Key to Job Creation

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Washington, DC – A U.S. Department of Commerce report released today confirms the importance of exports to the U.S. economy and the increasingly globalized marketplace. According to Exports Support American Jobs, in 2008, exports accounted for a record 12.7 percent of U.S. gross domestic product (GDP), and during a period of relatively flat job growth across the economy, supported a record number of jobs – more than 10 million.

Additionally, the report links our success in supporting American manufacturing with a successful export policy. The nearly 3.7 million manufacturing jobs supported by exports contributed to 27 percent of all employment in the manufacturing sector.  (Report- PDF Version)