
America's steel industry is leading manufacturing out of the recession, according to a recent report.
In his analysis Economic Impacts of the American Steel Industry, Dr. Timothy J. Considine, professor of energy economics, University of Wyoming, notes that "Every one job in the US steel industry supports seven jobs in the US economy, reflecting its ripple effect on employment."
For 2011, the report states, the American steel industry directly employed 150,700 people, and the multiplier effect means it supported more than 1,022,009 jobs.