IE Business Daily Business news for the Inland Empire.
Retail accounted for 55 million full and part-time jobs in the United States in 2022, enough to make up 26 percent of the U.S. workforce, according to a study.
Retail also contributed $3 trillion to the U.S. economy in 2022, or 20 percent of the labor income – the amount of money people earn on their jobs – generated during that year, the National Retail Federation reported.
Approximately 32.2 million people worked at U.S. retail establishments in 2022, and the industry contributed an estimated $2.2 trillion to the country’s GDP.
California’s retail industry employed 3.6 million people in 2022, created nearly $170 billion in direct labor income and had a $304 billion impact on the state’s GDP, the report found.
