An ISRI commissioned study found that the U.S. recycling industry directly and indirectly supports nearly 532,000 jobs. | priscilla list/Shutterstock[/caption]
A recently released study estimates the U.S. recycling industry will have a nearly $110 billion economic impact this year. That's about 6% lower than the number from two years ago.
The study commissioned by the Institute of Scrap Recycling Industries (ISRI) found that the industry directly and indirectly supports nearly 532,000 jobs, over $33 billion in wages, and nearly $110 billion in total economic impacts. The analysis was provided by John Dunham and Associates, which provided the same research in 2017.
Compared to the 2017 review, this year's jobs number is down 0.6%, the wages are down 2.5% and the total economic impact was down 6.1% (from around $117 billion in 2017). The U.S. recycling market has seen unprecedented market challenges over the past two years, tied to China's National Sword import policy that was implemented at the start of 2018.
The ISRI study, which is conducted every two years, includes private recycling companies handling the following types of scrap: metals, plastics, rubber, paper, textiles, glass and electronics.
While the 2019 total impact number does represent a decline from 2017, it is up 3.8% from 2015. That year, ISRI pegged the industry's economic impact at $106 billion.
[caption id="attachment_8692" align="aligncenter" width="900"] An ISRI commissioned study found that the U.S. recycling industry directly and indirectly supports nearly 532,000 jobs. | priscilla list/Shutterstock[/caption]
A recently released study estimates the U.S. recycling industry will have a nearly $110 billion economic impact this year. That's about 6% lower than the number from two years ago.
The study commissioned by the Institute of Scrap Recycling Industries (ISRI) found that the industry directly and indirectly supports nearly 532,000 jobs, over $33 billion in wages, and nearly $110 billion in total economic impacts. The analysis was provided by John Dunham and Associates, which provided the same research in 2017.
Compared to the 2017 review, this year's jobs number is down 0.6%, the wages are down 2.5% and the total economic impact was down 6.1% (from around $117 billion in 2017). The U.S. recycling market has seen unprecedented market challenges over the past two years, tied to China's National Sword import policy that was implemented at the start of 2018.
The ISRI study, which is conducted every two years, includes private recycling companies handling the following types of scrap: metals, plastics, rubber, paper, textiles, glass and electronics.
While the 2019 total impact number does represent a decline from 2017, it is up 3.8% from 2015. That year, ISRI pegged the industry's economic impact at $106 billion.
An ISRI commissioned study found that the U.S. recycling industry directly and indirectly supports nearly 532,000 jobs. | priscilla list/Shutterstock[/caption]
A recently released study estimates the U.S. recycling industry will have a nearly $110 billion economic impact this year. That's about 6% lower than the number from two years ago.
The study commissioned by the Institute of Scrap Recycling Industries (ISRI) found that the industry directly and indirectly supports nearly 532,000 jobs, over $33 billion in wages, and nearly $110 billion in total economic impacts. The analysis was provided by John Dunham and Associates, which provided the same research in 2017.
Compared to the 2017 review, this year's jobs number is down 0.6%, the wages are down 2.5% and the total economic impact was down 6.1% (from around $117 billion in 2017). The U.S. recycling market has seen unprecedented market challenges over the past two years, tied to China's National Sword import policy that was implemented at the start of 2018.
The ISRI study, which is conducted every two years, includes private recycling companies handling the following types of scrap: metals, plastics, rubber, paper, textiles, glass and electronics.
While the 2019 total impact number does represent a decline from 2017, it is up 3.8% from 2015. That year, ISRI pegged the industry's economic impact at $106 billion.
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