As Summer Beckons, New Study Finds Beer Adds Cool $328 Billion to U.S. Economy

May 24, 2019 by Dan McCue

Beer produced in America contributes $328 billion to the national economy annually, while helping to employ 2.1 million in industries ranging from farming to construction, according to a new study from the Beer Institute and the National Beer Wholesalers Association.

The release of the study, called the Beer Serves America economic report, comes just ahead of Memorial Day, which the two organizations called one of the top beer selling holidays of the year.

It is considered one of the most comprehensive analyses of the industry available, using data collected directly from private companies, Infogroup, the U.S. Bureau of Labor Statistics, the Alcohol Tobacco Tax and Trade Bureau  and the U.S. Bureau of Economic Analysis.

The study says there are currently 7,000 active breweries and more than 3,000 distributors in the United States, facilities that directly employ more than 200,000 Americans.

The institute, which is the national trade association for the American brewing industry, and the association said each one of these positions supports another 31 jobs in affiliated industries.

“Beer is more than America’s most popular alcohol beverage. The beer industry is vital to the United States, generating more than 2.1 million jobs and contributing $328 billion to the American economy,” said Jim McGreevy, president and CEO of the Beer Institute.

“Beer Serves America demonstrates how brewers, beer importers and beer industry suppliers are creating jobs, providing wages and benefits to working Americans and supporting the economy in every state and every congressional district,” he said.

Among other notable findings, the study found that the number of distributor jobs has increased by more than 19 percent in the last decade, to nearly 141,600, and that overall, the economic output of the beer industry is equal to about 1.6 percent of the U.S. Gross Domestic Product.

Additionally, suppliers to the brewing industry — a category that includes the manufacturers of bottles and cans, cardboard case boxes and marketing displays — generate nearly $102 billion in economic activity alone and are responsible for the creation of almost 436,650 jobs.

Craig Purser, president and CEO of the National Beer Wholesalers Association, a group representing 3,000 independent beer distribution companies, said his industry is proud to employ 141,600 Americans in jobs that pay a collective $9.5 billion.

“Independent beer distributors are Main Street businesses whose economic contributions are felt in every community across the country as they work with brewers large and small to grow brands and safely deliver America’s favorite alcohol beverage to more than 640,000 licensed retailers nationwide,” Purser said.

Economy

Fixing Unemployment Insurance for Better Economic Recovery
Economy
Fixing Unemployment Insurance for Better Economic Recovery
September 18, 2020
by Kate Michael

WASHINGTON — Emergency expansions to Unemployment Insurance provided critical support to workers across the country during the early months of the pandemic. But the major component of these expansions, an additional $600 in weekly benefits, expired at the end of July. With lawmakers continuing to be... Read More

Democrats Weigh Next Steps After Trump Backs Bigger Stimulus
Congress
Democrats Weigh Next Steps After Trump Backs Bigger Stimulus

WASHINGTON — Some House Democrats are keeping pressure on House Speaker Nancy Pelosi to bring a new coronavirus relief bill up for a vote next week as they look to signal to voters that the party is pursuing a deal to bolster the economy. Pelosi said... Read More

Fed Signals Rates Will Stay Near Zero for at Least Three Years
Federal Reserve
Fed Signals Rates Will Stay Near Zero for at Least Three Years

The Federal Reserve left interest rates near zero and signaled it would hold them there through at least 2023 to help the U.S. economy recover from the coronavirus pandemic. The Federal Open Market Committee “expects to maintain an accommodative stance of monetary policy” until it achieves... Read More

Despite Pressure for COVID-19 Relief Deal, Stalemate Continues
Congress
Despite Pressure for COVID-19 Relief Deal, Stalemate Continues

WASHINGTON — Speaker Nancy Pelosi on Tuesday headed a call from her members to commit to keeping the House in session until there’s a coronavirus relief deal, but the vow does little to break the stalemate in bipartisan negotiations that is at the heart of Democrats’... Read More

Problem Solvers Step Into Relief Bill Void to Offer Bipartisan Plan
Congress
Problem Solvers Step Into Relief Bill Void to Offer Bipartisan Plan
September 15, 2020
by Dan McCue

WASHINGTON - A bipartisan group of 50 centrist lawmakers on Tuesday unveiled a $1.5 trillion proposal they hope will end the current stalemate over new relief to bolster the coronavirus battered economy. The Problem Solvers Caucus, led by co-chairs Reps. Josh Gottheimer, D-N.J., and Tom Reed,... Read More

Trump Made a Promise to Save Coal in 2016. He Couldn’t Keep It
Donald Trump
Trump Made a Promise to Save Coal in 2016. He Couldn’t Keep It

President Donald Trump spent more than $1 billion in taxpayer funds, rolled back environmental rules and tried to stop power plant closings to fulfill a vow he made to West Virginia coal miners in the 2016 campaign. But nothing he’s done is rescuing the coal industry.... Read More

News From The Well
scroll top