A new report shows the equipment manufacturing industry supported almost 1.3 million jobs in the United States last year. Released by the Association of Equipment Manufactures last week, the report found manufacturers added $159 billion to the Gross Domestic Product of the United States in 2016. The report also found that equipment manufacturers in the United States supported over $416 billion in sales activity, generated about $87 billion in labor income and contributed over $25 billion in local, state and federal taxes. The research also examined the equipment manufacturing industry’s impact in Canada. Equipment manufacturers in Canada supported some 149,000 jobs last year, and generated some $15 billion for the Canadian economy in 2015.
From the National Association of Farm Broadcasting news service.