Thursday , May 30 2024
Breaking News
Record sales for holiday retail

Report: retail accounts for one-quarter of U.S. workforce

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.

Check Also

IE manufacturing

Third-party logistics likes Inland “big-box” space

Third-party logistics companies are dominating one sector of the Inland Empire industrial market. Those companies, …

Leave a Reply

Your email address will not be published. Required fields are marked *