Automaker Bankruptcies Would Cost up to 3.3 Million U.S. Jobs

Source: Robert E. Scott, Economic Policy Institute, Economic Snapshot, December 17 2008

The United States cannot afford to sacrifice the domestic auto industry. A shutdown would eliminate up to 3.3 million U.S. jobs within the next year in all 50 states and the District of Columbia. The loss of total state employment would be anywhere from 4.0% to 8.9% in Michigan, Indiana, Kentucky, Alabama, Tennessee, and Ohio (see Map below). Traditional auto manufacturing states would certainly be hard hit, but Southern states–including the Carolinas, Mississippi, and Oklahoma–would be, too.

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