Bad idea to build an airplane JUST to provide jobs. The idea is to make money, like Airbus does, and its the reason EF will be the last Euro-consortium fighter made.
I just dont see this program as being successful. Not when you weigh threat/capability/cost.
It isn't about the jobs... it is about
independence from the whatever idea comes to the leaders of a "friendly" countries and put an embargo on sales or does not provide you what you need because the government had changed or because they don't like your foreign policy.
Such a situation can bite very hard, so having local airspace industry has much more value even if the aircraft you buy would be overpriced or not 100% fit your needs (which it rather not true about the 2nd)
Want some examples?
Israel was hardly screwed up by Charles de Gaulle's embargo in 1967 when all the airforce was based on French technology.
Today Israel mostly buys "airframes" from US and fill it with Israeli avionics - like F-16I which is basically US airframe and engine, with home build avionics and weapons. Even many of modern F-16 blocks upgrades come from Israeli source, like conformal fuel tanks that were designed by IAI, the helmet mounted display etc, such that today Israeli latest F-15I and F-16I or older F-16C/D in many ways better then "similar" planes owned by USAF.
India is doing a smart thing - being independent of a single source, it has Russian Su-30MKI and MiG-29K, develops its own aircraft HAL Tejas, and buys French Rafale so even if one party would try to screw they they would still keep the airforce.
Even small Taiwan developed their own aircraft AIDC F-CK-1 Ching-kuo because of the politics restrictions.
And USA? Try to sell something to them... they'd rather buy an overpriced system of local production, 10 years later that isn't nearly as effective as foreign alternative just not to be dependent of an external source.
So having your own airspace industries is more important than being able to buy maybe cheaper or slightly better planes. Also you can't say that Typhoon isn't one of the most advanced 4++ generation fighters...