2019 RVIA Economic Impact Study

The new RVs Move America Economic Impact Study, released June 3, 2019 at the annual meeting of RVIA, revealed the RV industry has an overall economic impact on the US economy of $114 billion, supporting nearly 600,000 jobs, contributing more than $32 billion in wages, and paying more than $12 billion in federal, state, and local taxes. The announcement was made by Garry Enyart, RVIA chairman, and Onan/Cummins Director of Mobile Generator Sales & Coach Care.

For more information on the $114 billion total economic impact and what it includes, click here.

New Report Shows Jobs Up in June

Wed Jul 3, 2019
Author: RV News

156217057254300.pngThe number of U.S. jobs increased by 102,000 from May to June, the national employment report released today by ADP and Moody’s Analytics shows.

“Job growth started to show signs of a slowdown,” ADP Research Institute Vice President Ahu Yildirmaz said. “While large businesses continue to do well, small businesses are struggling as they compete with the ongoing tight labor market. The goods producing sector continues to show weakness. Among services, leisure and hospitality’s weakness could be a reflection of consumer confidence.”

Moody’s Analytics Chief Economist Mark Zandi said the job market continues to throttle back.

“Job growth has slowed sharply in recent months, as businesses have turned more cautious in their hiring,” he said. “Small businesses are the most nervous, especially in the construction sector and at bricks-and-mortar retailers.”

The May jobs total added was revised up from 27,000 to 41,000.

To see the full report, click here.
The July employment report is scheduled to be released on July 31.