Table 2

Number of U.S. jobs created by ending currency manipulation, 2015*

Low impact High impact
Direct jobs 1,112,700 2,280,800
Indirect jobs 487,300 1,719,200
Respending jobs 700,000 1,800,000
Total 2,300,000 5,800,000

*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.

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 to Scott (2014a).

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