Economy Recovering? U.S. Exports Continue to Grow

Products and services sold overseas supporting more jobs

In a positive sign for the recovering economy, U.S. exports supported more than 11.3 million jobs in 2013, up 1.6 million jobs since 2009.

A U.S. Department of Commerce report show that exports now support more jobs than any time in the past 20 years. In 2013, every $1 billion of U.S. exports supported nearly 5,600 jobs. Goods exports supported 7.1 million jobs in 2013, up 1.1 million positions from 2009. Services exports supported 4.2 million jobs in 2013, which is a record for the noted 20 year period.

In 2010, President Obama launched the National Export Initiative in 2010 to sell more American goods and services to foreign markets. Since its launch, the United States has experienced four consecutive years of record exports, including nearly $2.3 trillion in 2013, according to the Department of Commerce.