EMPLOYMENT IN THE U.S. DUE TO ECONOMIC INTERACTIONS WITH SWEDEN This diagram illustrates the ways jobs are created in the U.S. from interactions with Sweden. Most directly attributable to interactions with Sweden are at the core, becoming more speculative as the spheres move away from the center.
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More than 303,756 people are directly employed by Swedish-affiliated companies in the U.S. The number of jobs supported by exports of goods (19,920) and services (39,425) to Sweden are calculated using methods by the U.S. Department of Commerce. These numbers represent estimates but are widely accepted as accurate indicators of job creation.
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The 363,101 jobs supported by companies and exports and the estimated 581,000 jobs supported by local multiplier effects represent an estimate of 944,101 total jobs created in the U.S. through trade and investment by Swedish companies.
363,101 7 | Swedish Companies Create Jobs in America
Every time a job is created, it triggers a “multiplier effect� as other jobs are created in support of that job. This is most pronounced in local services but also affects suppliers, distributors, and infrastructure firms. Estimates of multipliers vary, but even a common conservative multiplier of 1.6 suggests that 581,000 jobs are supported by Swedish-affiliated companies. Subcontractors, freelancers, and consultants as well as jobs supported by global value chains also support additional jobs.
944,101 Swedish Companies Create Jobs in America |
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