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US / International students supported 313,000 jobs in the 2012-2013 academic year

International students in the United States and their families supported 313,000 jobs and contributed US$24 billion to the economy in the 2012-2013 academic year according to the latest estimates by NAFSA: Association of International Educators.

Jobs supported increased 6% and dollars contributed to the economy nearly 10% on 2011-2012’s results

Based on NAFSA’s analysis, for every seven of the 819,644 international students enrolled, three US jobs are created or supported by spending in tuition and living costs.

The data shows a 6% increase in job support creation, up from 300,000 in the last academic year,  and nearly 10% gains in dollars contributed to the economy on 2011-2012′s results.

“These data clearly show the tremendous economic opportunity costs we face unless the House acts decisively to break down barriers for the best and the brightest international students and scholars to come here”

However OECD data shows the US’s market share has slipped 10% prompting NAFSA to call for  “government policies and strategies to ensure we remain globally competitive”.

“These data clearly show the tremendous economic opportunity costs we face unless the House acts decisively to break down barriers for the best and the brightest international students and scholars to come here,” said NAFSA Executive Director and CEO Marlene Johnson.

Chosen excerpts by Job Market Monitor. Read the whole story at 

via International Education News l The PIE News l US: foriegn students prop 313,000 jobs.

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