Economic Leaders and Job Creators
The U.S.-based scrap recycling industry is a sophisticated, capital-intensive industry that has been creating “green jobs” in the United States for decades. As the first link in the manufacturing supply chain, scrap recycling has been integral to the U.S. economy, job creation, resource sustainability, energy savings, and global trade for more than 200 years. Despite the sluggish economic recovery overall in the aftermath of the global recession, the U.S. scrap recycling industry rebounded from $54 billion in sales in 2009 to more than $90 billion in sales in 2012. While the recovery in the U.S. labor market has been uneven, the scrap recycling industry has been at the forefront of job creation, adding more than 15,000 jobs to the economy since the beginning of 2010. The industry is a positive solution in the U.S. manufacturing landscape and directly employs 138,000 men and women based on environmentally sensitive and sustainable business practices.
Please see below or click here for a new study that shows 463,000 workers are put to work in the United States – directly and indirectly – through the U.S. scrap recycling industry.
Major Exporter –
Helping the Balance of Trade
The U.S. scrap recycling industry provides the high value, environmentally friendly, and energy-saving raw materials that make America’s manufacturing industries more competitive in the global marketplace. The scrap industry also supplies the world’s rapidly growing demand for all manner of commodities ranging from iron and steel, to paper, nonferrous metals, plastics, electronics, rubber, and more. In 2012, commodity grade scrap products were exported to 160 countries worldwide, generating nearly $28 billion in export sales and significantly helping the U.S. balance of trade.
July 2013 Study Shows Scrap Recycling Industry Supports More than 460,000 American Jobs While Generating $10.3 Billion in Revenue for Federal, State, and Local Governments
ISRI has released a new study highlighting the significant economic and environmental impact of the U.S. scrap recycling industry. The study, commissioned by ISRI and undertaken by John Dunham and Associates, looks at different kinds of economic activity – jobs and exports – and both direct and indirect economic impacts at the national, state, and congressional district levels.
The economic analysis shows that the U.S. scrap recycling industry is a major economic engine powerful enough to create 462,940 jobs and generate $10.3 billion in tax revenues for governments across the country, all while making the old new again and helping to protect the earth’s air, water, and land for future generations.
“This study illustrates very clearly that the U.S. scrap recycling industry is playing an important role in America’s economic recovery,” ISRI President Robin Wiener said. “Despite tough times, our industry is directly and indirectly putting more than 460,000 people to work while generating revenue for federal, state, and local governments. All this adds up to recognition that the scrap recycling industry must be allowed to grow so it can continue to boost our economy, put people to work protect our environment and help save energy. When people think of recycling, they think of the bin at the curb when in fact our industry is a multi-billion-dollar ‘Made in America’ manufacturing success story.”
The U.S. scrap recycling industry is particularly important because its operations are so widespread. In fact, the total economic activity generated by scrap recycling in the United States is $87.4 billion, making the industry similar in size to the nation’s cosmetics industry, milk industry, and aircraft engine industry.