Washington, DC -- The US polyurethanes created more than five additional jobs indirectly for everyone directly employed in the business in 2010, according to newly released data from the Center for the Polyurethanes Industry (CPI).
In 2010, the industry created 37 700 jobs and indirectly supported nearly 165 000 additional jobs in companies that depend on polyurethanes, including transport, building and construction, appliances, furniture and bedding, a CPI statement said.
Overall, the polyurethanes industry operates in 935 locations in the US, directly generating $19.7 billion in output.
"While the polyurethanes industry has not yet returned to pre-recession levels, we are seeing positive developments in the sector overall," said CPI senior director Lee Salamone, in the statement.
Salamone commented that, "At the recession's lowest point, manufacturing output was off by 21 percent. Although current output remains five percent below its 2007 peak, that is a strong improvement from where the industry was a few years ago."
According to Salamone, the study confirms the feedback from the 2012 Polyurethanes Technical Conference in September-"the industry is moving in the right direction."
Other key statistics about the polyurethanes industry from 2008-2010
•Indirectly, the polyurethanes industry supports an additional $40.1 billion in output;
•In total, the polyurethanes industry supports about 202 000 jobs and $59.9 billion in output; and
•Also, polyurethane products are used in industries generating $245.5 billion in output and employing nearly one million workers.