Economic Security

The U.S. shipyard industrial base is vital to America’s economic security. The private U.S. shipbuilding and repair industry employs highly skilled men and women building the largest and most sophisticated fleets in the world.

According to the U.S. Maritime Administration, the U.S. shipyard industry supports more than 100,000 direct shipyard jobs across the United States, produces $7.9 billion in direct labor income and contributes $9.8 billion in direct GDP to the national economy.

Additionally, for each shipyard job created, there are 2.6 jobs created in the associated domestic supplier base across the country. In fact, the associated supplier base supports more than 400,000 jobs across the country, in all 435 Congressional districts and generates $23.9 billion in income and $36 billion worth of goods and services each year.

High Paying Manufacturing Jobs

Additionally, the Maritime Administration’s report found that jobs in the U.S. shipyard industry paid $73,630 on average in 2011.

That’s 45 percent more than the $50,786 national average for the private sector economy.
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