New Study: More than 275,000 Jobs in Nebraska Supported by International Trade
Nearly 83,000 Jobs Supported by Trade with Canada and Mexico
A new study from Business Roundtable finds that international trade supports 277,100 jobs in Nebraska, representing more than one out of every five jobs in the state. Trade with Canada and Mexico alone supports 82,900 jobs in Nebraska, highlighting the need to preserve and strengthen the North American trading relationship by passing the United States-Mexico-Canada Agreement (USMCA) this year. Exports from Nebraska to Canada and Mexico have increased by 661 percent since the implementation of the North American Free Trade Agreement (NAFTA).
The Study Showed:
- Nebraska exported $3.5 billion in goods and services to Canada and Mexico in 2017;
- Goods and services exports account for 9.7 percent of Nebraska’s total GDP; and
- Trade has a positive net impact on both the services and manufacturing sectors across the country.