Table 2
Net U.S. jobs created by eliminating currency manipulation, by state (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 low-impact scenario assumes ending currency manipulation would reduce the trade deficit by $200 billion; the high-impact scenario assumes a $500 billion reduction in the trade deficit. The table shows the hypothetical change in 2015 three years after implementation.
**Total may vary slightly due to rounding.
Source: Scott 2014
This chart appears in:
Previous chart: « Change in net holdings of foreign assets of currency manipulators, by type, 2008–2014
Next chart: Change in foreign asset holdings, and current account surplus, of currency manipulators, 2008–2020 »