Given that the United States is currently below full employment with most economists projecting a slow labor market recovery, this investment is more stimulative than inflationary in the first decade, resulting in an average annual increase in US employment of 203,000 jobs above business as usual, with the net of the jobs lost in fossil fuel production and as a result of higher energy prices between 2001 and 2020.
In the second decade of the program, higher energy and product prices offset the employment gains from new investment. The potential employment benefits of increased US competitiveness in clean energy exports, unlocking profitable investment opportunities in energy efficiency, and spillover from clean energy innovation into other sectors is not quantified in this analysis.
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