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Beer Industry Forecasts 651,000 Jobs Lost Due to COVID-19

By October 23, 2020Top News

The Beer Institute, the Brewers Association, the National Beer Wholesalers Association and the American Beverage Licensees released a report from a leading economic firm showing more than 651,000 jobs supported by the U.S. beer industry will be lost by the end of the year due to the COVID-19 pandemic. These job losses include over 3,600 brewing jobs, 1,800 distributing jobs and 400,000 retail-related jobs. The report, released on September 22, forecasts the COVID-19 pandemic will result in retail beer sales declining by more than $22 billion. Conducted by John Dunham & Associates, the COVID-19 impact model estimates change in sales, employment, wages, output and tax collections for on- and off-premise beer retailers, beer distributors, as well as for the industries directly and indirectly affected by them. The model calculates the resulting employment and wage changes for the brewing, wholesaling, on-premise and off-premise retail sectors using the Beer Serves America 2018 Economic Impact study as a baseline.

 

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