Analysis documents economic contributions of US mining

first_imgHigh-paying jobs and dynamic job creation are hallmarks of report that dramatises vital role of US coal and minerals in rebuilding America. “With more than 375,000 direct jobs that pay wages one-third higher than the US industrial average and the ability to generate as many as four additional jobs elsewhere in the economy, US mining provides more than vital resources for America – it can help rebuild America,” National Mining Association (NMA) President and CEO Hal Quinn said upon release of the report today.The Economic Contributions of U.S. Mining in 2007, by Moore Economics, is an update of a previous analysis and documents the latest year for which complete data are available from government sources.  The report is available at addition to the employment data are other key findings of the analysis:US mining transformed raw resources into $98.4 billion of finished mineral, metal and fuel resources, which were used by consuming industries in the US to produce $1.8 trillion in additional value-added productsMining payroll totaled more than $22 billion in 2007,  generated total payroll of $64.6 billion and $21.6 billion in personal income and payroll taxes throughout the economyMining operations annually pay more than $7.8 billion in various taxes and fees.The report details direct and indirect jobs, payroll, direct and indirect economic output and other key economic contributions from each of the mining sections-coal, metal, non-metal and uranium mining- by individual states and for the nation.  This information also will be available by US congressional district within the next few weeks.“The Economic Contributions of U.S. Mining in 2007 is an important resource that confirms the vital role US mining plays in America’s economy and in communities throughout the country.  Policymakers need to look no further than American coal, minerals and metals mining to find jobs that support families and their dreams for home ownership and a good education for their children.”   Quinn added.last_img

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