December 3, 2008 | EPI Briefing Paper #227
When giants fall
Shutdown of one or more U.S. automakers
could eliminate up to 3.3 million U.S. jobs
by Robert E. Scott
If bankruptcy shuttered one or more U.S. automakers, the effect would be the loss of up to 3.3 million jobs in the U.S. within the next year, according to this new briefing paper released by EPI. Michigan alone could lose over 400,000 jobs, and stands to be the hardest hit state both in the number of jobs lost and the share of total state employment (8.9%) lost. If the Big Three fall, they would take down more than auto worker jobs: when the wages from those auto sector jobs dry up, an additional 576,700 to 2.1 million "re-spending" jobs would be lost. The report lists possible job losses in each state and the District of Columbia.
Read this paper in PDF format
For a printer-friendly version of this report, click here.
|
Did you find this publication helpful? Support EPI's work today!
Copyright © 2008 by The Economic Policy Institute. All rights reserved.
Readers may redistribute this material to other individuals for noncommercial use, provided that the text, data, and all HTML code remain intact and unaltered in any way. This article may not be resold, reprinted, or redistributed for compensation of any kind without prior written permission. If you have any questions about permissions, please contact EPI at publications@epi.org. Other questions or concerns about this Web site can be directed to webmaster@epi.org.
|
Purchase
Email this page