New Report Finds U.s. Electric Power Industry Supports More Than 7 Million American Jobs
The electric power industry supports more than 7 million American jobs, equivalent to about 5 percent of all jobs in the United States, according to a detailed analysis of the role that electric companies play in the nation’s labor force and economy.
M.J. Bradley & Associates on August 2 released the report Powering America: The Economic and Workforce Contributions of the U.S. Electric Power Industry. They conducted the analysis for the Edison Electric Institute, the American Public Power Association, and the National Rural Electric Cooperative Association. It features employee profiles illustrating the high-quality jobs in the industry.
Specifically, the report finds that the electric power industry directly provides nearly 2.7 million jobs nationwide through its employees, contractors and supply chain, and investments. The industry also supports more than 4.4 million additional jobs through the induced effects of these jobs.
The report also reinforces that the electric power industry underpins many other sectors of the economy, contributing $880 billion annually to U.S. gross domestic product (GDP), or 5 percent of total GDP.