Table 4

Net U.S. jobs created by eliminating currency manipulation, by state, 2015 (ranked by jobs gained as a share of total state employment under high-impact scenario)*

Scenario**
Low impact High impact
Rank State State employment (2011 average) Net jobs created Jobs created as a share of state employment Net jobs created Jobs created as a share of state employment
1 Wisconsin 2,819,475 64,700 2.29% 156,600 5.55%
2 Indiana 2,934,500 61,000 2.08% 152,600 5.20%
3 Iowa 1,538,755 34,000 2.21% 79,600 5.17%
4 South Dakota 415,625 9,200 2.21% 21,100 5.08%
5 Minnesota 2,728,880 55,900 2.05% 135,300 4.96%
6 Michigan 4,191,880 82,800 1.98% 207,200 4.94%
7 Ohio 5,213,455 103,200 1.98% 254,600 4.88%
8 Kansas 1,389,040 28,900 2.08% 67,000 4.82%
9 Idaho 684,915 13,900 2.03% 32,700 4.77%
10 Nebraska 943,645 19,000 2.01% 44,200 4.68%
11 Oregon 1,710,335 31,300 1.83% 78,600 4.60%
12 North Dakota 370,830 7,400 2.00% 17,000 4.58%
13 New Hampshire 684,805 12,700 1.85% 31,300 4.57%
14 Arkansas 1,235,755 22,500 1.82% 56,300 4.56%
15 South Carolina 1,968,925 35,600 1.81% 89,300 4.54%
16 Washington 3,118,000 61,300 1.97% 140,300 4.50%
17 Illinois 5,926,850 107,500 1.81% 266,400 4.49%
18 Kentucky 1,838,400 31,800 1.73% 82,500 4.49%
19 Connecticut 1,742,495 32,400 1.86% 77,000 4.42%
20 Pennsylvania 5,853,320 101,400 1.73% 253,000 4.32%
21 Alabama 1,981,095 33,000 1.67% 85,000 4.29%
22 Missouri 2,742,055 47,200 1.72% 116,800 4.26%
23 Tennessee 2,784,460 45,800 1.64% 118,100 4.24%
24 Oklahoma 1,681,760 27,900 1.66% 71,100 4.23%
25 California 16,426,695 258,400 1.57% 687,100 4.18%
26 Vermont 327,300 5,600 1.71% 13,600 4.16%
27 Utah 1,260,805 20,800 1.65% 51,600 4.09%
28 Mississippi 1,181,295 18,900 1.60% 47,900 4.05%
29 North Carolina 4,195,810 63,400 1.51% 170,000 4.05%
30 Rhode Island 511,235 8,300 1.62% 20,700 4.05%
31 Texas 11,455,070 179,100 1.56% 460,400 4.02%
32 Montana 479,990 8,200 1.71% 19,200 4.00%
33 Georgia 4,193,775 65,900 1.57% 167,600 4.00%
34 Arizona 2,687,990 43,500 1.62% 105,100 3.91%
35 Massachusetts 3,284,720 50,600 1.54% 128,400 3.91%
36 Delaware 420,365 6,700 1.59% 16,200 3.85%
37 West Virginia 748,560 11,800 1.58% 28,800 3.85%
38 Colorado 2,492,420 38,300 1.54% 95,700 3.84%
39 Wyoming 289,975 4,200 1.45% 10,900 3.76%
40 Maine 643,105 9,300 1.45% 24,000 3.73%
41 New Jersey 4,152,515 57,200 1.38% 150,900 3.63%
42 New Mexico 869,775 12,500 1.44% 30,800 3.54%
43 Louisiana 1,973,940 27,800 1.41% 69,700 3.53%
44 Virginia 3,860,130 52,500 1.36% 131,300 3.40%
45 Florida 8,101,900 110,200 1.36% 274,000 3.38%
46 New York 8,959,015 109,900 1.23% 296,400 3.31%
47 Nevada 1,204,880 16,000 1.33% 39,800 3.30%
48 Maryland 2,894,565 35,800 1.24% 89,400 3.09%
49 Alaska 344,345 3,900 1.13% 10,300 2.99%
50 Hawaii 629,525 7,200 1.14% 18,200 2.89%
51 District of Columbia 310,605 3,300 1.06% 8,200 2.64%
Total*** 140,399,600 2,300,000 1.64% 5,800,000 4.13%

*The table estimates the effects of ending currency manipulation over three years, modeled as having begun in 2013.

**The low-impact scenario assumes ending currency manipulation would reduce the trade deficit by $200 billion in 2015 relative to the trade deficit in 2012; the high-impact scenario assumes a $500 billion reduction in the trade deficit.

***Total may vary slightly due to rounding.

Source: Author's analysis of the American Community Survey ( U.S. Census Bureau 2013), U.S. International Trade Commission (2013),  Congressional Budget Office (2013a and 2013b), Bivens (2011), Bivens and Edwards (2010), Kondo and Svec (2009, 10), Bureau of Labor Statistics (2013d), Bureau of Labor Statistics Employment Projections program (BLS-EP 2011a and 2011b), and Zandi (2011). For a more detailed explanation of data sources and computations, see text and the appendix.

 

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