Report Shows Each Chemicals-Industry Job Generates 7.6 Additional Jobs
WASHINGTON, DC – The American Chemistry Council (ACC) has issued its 2012 edition of the Guide to the Business of Chemistry, a detailed economic profile of the chemicals industry and its contributions to the U.S. and world economies. American chemistry is the global leader in production, providing 15 percent of the world’s chemicals and representing 12 percent of all U.S. exports. It is also one of America’s largest manufacturing industries, a $760 billion enterprise providing 788,000 high-paying jobs in the United States. For every one chemicals-industry job another 7.6 are generated in other sectors of the economy such as construction, transportation and agriculture, creating a total of nearly six million chemistry-dependent jobs.
“A quick glance at this guide, and it’s clear to see how essential the business of chemistry is to our nation’s economy,” said ACC President and CEO Cal Dooley. “As the cornerstone of our economic future, it’s vitally important that we have common sense policies to support the innovation, investment and competition driving the creation of the groundbreaking products that are improving the world all around us,” Dooley added.