The U.S. meat and poultry industry accounts for $1.02 trillion in total economic output or 5.6 percent of gross domestic product (GDP), according a new economic impact analysis conducted by 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. All totaled, 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 two 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 are real people with real jobs ranging from restaurant workers to automobile mechanics, to bakers and refrigerator manufacturers.