New Studies Estimate Job Creation Potential of Inflation

WASHINGTON, DC, Oct. 19, 2022 (GLOBE NEWSWIRE) — New data commissioned by the BlueGreen Alliance released today revealed the impact the Inflation Reduction Act may have in four states: Colorado, Michigan, Nevada, and Pennsylvania. Researchers at the University of Massachusetts Amherst Political Economy Research Institute (PERI) conducted the analyses of the recently passed legislation, quantifying the job creation from its historic investments.

The research found the investments from the Inflation Reduction Act may:

• Create nearly 100,000 jobs over the next 10 years in Colorado;
• Create more than 167,000 jobs over the next 10 years in Michigan;
• Create more than 40,000 jobs over the next 10 years in Nevada; and
• Create more than 200,000 jobs over the next 10 years in Pennsylvania.

This report follows a previous study by PERI that estimated the law would create more than 9 million jobs nationwide in the coming decade.

“The numbers are in and they show the Inflation Reduction Act will create good jobs in these four states and across the country,” said BlueGreen Alliance Executive Director Jason Walsh. “This is a bill that truly delivers for workers in the United States, while dramatically reducing the emissions driving climate change and lifting up all workers and communities to build a more equitable economy and country.”

To find out more about the investments in the law, see the BlueGreen Alliance’s recently announced User Guide to the Inflation Reduction Act—a reference guide for the numerous policies and programs included in the legislation that explores the goals, timelines, and implementation mechanisms for each policy area.

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WHAT THEY’RE SAYING ABOUT THE JOB CREATION DATA

“The Inflation Reduction Act has created massive potential to bring more good-paying union jobs to Colorado,” said Dennis Dougherty, Executive Director of Colorado AFL-CIO and BlueGreen Alliance Colorado Steering Committee member. “By…