Fencing: The Saving Factor Of The US Economy
You may belittle the fencing industry in the United States, but it is actually a lot bigger than what you have in mind.
Thousands of fencing businesses in US soil
There are thousands upon thousands of people engaged in the fencing business as well as contractors who repair and install fences and gates. Across the entire stretch of the United States, there are actually thousands of residential and commercial fence companies. To be more specific, there are about 99,939 businesses in the United States that offer products and services for fencing.
Jobs created
These thousands of fencing companies contribute greatly to the economy of the United States and it likewise helps a lot of families. The fencing companies provide jobs for people who are in dire need of work. According to the data presented by the Bureau of Labor Statistics, the unemployment rate in the United States is as much as 10.4 percent as of May of this year. The fencing industry helps in alleviating the condition of people in the nation as it employs some 270,455 people.
Staggering Revenue
The fencing industry in the United States accordingly generates billions of income. The fencing industry contributes greatly to the sluggish economy of the United States as it brings billions and billions of dollars. The revenue generated by the fencing industry in the United States is reportedly at $51 billion. This figure is 50 times more than the revenue that is generated by the NCAA two years ago.
Nobody really thought that the fencing industry in the United States was really a very contributing factor to the economy. Not only are there several thousands of fencing businesses in the market out there but that these businesses also provide several hundreds of thousands of work when the economy was at a recession and provided during that time billion of dollars in terms of revenue. It is important to note that the fencing companies did not only help protect their clients’ properties but likewise helped in protecting the nation’s economy from crumbling apart when it was in a very serious trouble.
