This brief presentation highlights which industries are benefiting most from the resurgence in U.S. exports. Find the growth, find the jobs, sell the workwear!
2. Exports, Jobs, & You The economic advantage of a weaker U.S. dollar is that the cost of U.S. goods abroad drops versus competition. Smart U.S. companies are seizing this opportunity to drive export sales. Exports were up +21% in 2010, and through the first quarter of 2011 they are up another +18%! At this pace, exports will exceed $1.4 trillion, easily surpassing the previous record year of 2008. All this export growth is driving JOB GROWTH in the U.S. which is making Washington hesitant to enact measures that could strengthen the U.S. dollar. Seems there is always a trade off in economics! This report highlights the industries benefiting the most from exports and provides insight for you to chase growth edges in this sluggish recover. Find the new jobs, find the growth opportunity in work wear!
3. Source: US Department of Commerce 20 Year Growth Trend of US Exports (Billions) U.S. Exports reached $1.3 Trillion in 2010, up 21% from 2009 and near the historical high set in 2008.
4. Source: US Department of Commerce Industry Guide to Export Growth Highlighted categories are experiencing above average growth.
5. Application In reviewing the data on the previous slide we see that export growth is widespread across many of our core industrial categories (transportation, machinery, etc) and in industries tied to commodities like oil, coal, metals, and minerals. In the 2011 job recovery, the overall the service sector remains soft. But thanks to export growth, the core hard-goods industries above are generating job growth! Which of your accounts are in these industries? Do you have potential customers in your territory in these industries? Find the jobs, sell the workwear!
6. Source: US Department of Commerce U.S. Key Export Markets Fun Fact: These are top export markets ranked by $ exported in 2010. This list represent 80% of $ exported and 80% of export growth in 2010.