The economic impact of the firearms industry is up 66 percent since the beginning of the Great Recession, providing an unexpected shot in the arm for the economy, according to a new study.
The National Shooting Sports Foundation says the economic impact of firearm sales — a figure that includes jobs. taxes and sales — hit $31 billion in 2011, up from $19 billion in 2008.
Jobs in the firearms business jumped 30 percent from 2008 to 2011, when the industry employed 98,750.
The industry paid $2.5 billion in federal taxes in 2011, up 66 percent in three years.
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