PCPC President and CEO Tom Myers, said, "On every measure, our industry is thriving and contributing to the U.S. economy while serving as an agent for positive change for people and the planet. Our member companies are committed to creating employment opportunities, driving innovation through scientific research, and supporting consumers’ health and well-being.”
Courtesy of The Personal Care Products Council
The Personal Care Products Council (PCPC) released its report, “The Beauty of Impact,” which highlights the industry’s role in job creation, economic growth, scientific advancement, sustainability and community support from the most recent data available in 2022.
Economic Contributions:
- 4.6 million jobs
- $203.3 billion in labor income
- $308.7 billion added to the gross domestic product (GDP)
- $82.3 billion in federal, state and local taxes
- 15% increase in GDP contributions since 2020
- 17% rise in total employment
- 19% boost in labor income
- 27% increase in tax payments
Industry Support
- 71% of employees work for businesses with fewer than 50 employees
- Employment rates for women (nearly 80%) and people of color (33%) significantly exceed national averages
- More than 5,700 professionals are employed in STEM
- Industry leaders reduced Scope 1 greenhouse gas emissions by 8.7%
- The industry donated $170 million to various causes
PCPC President and CEO Tom Myers, said, "On every measure, our industry is thriving and contributing to the U.S. economy while serving as an agent for positive change for people and the planet. Our member companies are committed to creating employment opportunities, driving innovation through scientific research, and supporting consumers’ health and well-being.”
