U.S. Aluminum’s Economic Impact Report by Aluminum Association The U.S. aluminum industry is a key element of the nation’s manufacturing base. Strong, lightweight and recyclable, aluminum is a material uniquely suited to meet the needs and challenges of the 21st century. From increasing vehicle fuel efficiency to green building products to sustainable packaging, aluminum is well positioned in the U.S. and global markets. For nearly a decade, the Aluminum Association has worked with research firm John Dunham & Associates to produce economic impact impact studies that capture U.S. aluminum jobs, wages, output and other information on an ongoing basis. Today, the U.S. aluminum industry: • Directly employs more than 164,000 workers and indirectly supports an additional 470,000 workers. • Directly generates more than $73 billion in economic output and indirectly generates an additional $103 billion in economic output. • Supports more than 6 34,000 direct, indirect and induced jobs and more than $176 billion in economic output . • Committed or invested more than $7 billion in domestic manufacturing since 2013. The 2022 impact study highlights the importance of the aluminum industry to the U.S. economy. The aluminum industry is a dynamic part of the U.S. economy, accounting for about $176.32 billion in total economic output or roughly 0.73 percent of GDP.1 Aluminum manufacturers and wholesalers directly employ 164,402 Americans in 2022. These workers earn over $13.55 billion in wages and benefits. When supplier and induced impacts are taken into account, the aluminum industry is responsible for 634,419 jobs in the United States and $47.10 billion in wages; as well as $14.97 billion in direct federal, state and local taxes; not including state and local sales taxes imposed on aluminum products.
To Download the Full Report, visit www.aluminum.org/economy
FUNDAMETALS Newsletter
[ 18 ] Q1 2023
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