Meat, poultry mean $1 trillion to U.S. economy
This is according a new economic impact analysis conducted by New York-based John Dunham & Associates for the North American Meat Institute (NAMI).
The meat and poultry industry is responsible for 5.4 million jobs and $257 billion in wages, the report found.
An estimated 527,019 people have jobs in production and packing, importing operations, sales, packaging, and direct distribution of meat and poultry products.
Wholesaling directly employs an estimated 232,418 individuals in all 50 states, and 1.11 million employees’ retail jobs depend on the sale of meat and poultry products to the public.
In all, the meat and poultry industry (packers, processors, wholesalers and retailers) directly employs 1.9 million people, paying $71.63 billion in wages and benefits.
In addition, approximately 2 million full-time equivalent jobs are created in firms that supply goods and services to the meat and poultry industry. This includes people working in industries as broad as real estate services, trucking and container manufacturing.
An additional 1.57 million people have jobs throughout the economy that depend on the re-spending of wages by meat and poultry, as well as supplier industry employees.
These range from restaurant workers to automobile mechanics, bakers and refrigerator manufacturers. ■